ChoiceOne maintains dividend at $0.28 per share for Q2

SPARTA, Mich. - ChoiceOne Financial Services, Inc. (NASDAQ:COFS), the parent company of ChoiceOne Bank, has declared a quarterly cash dividend of $0.28 per share for the second quarter of 2025, the company announced today. This dividend is consistent with the amount distributed in the previous quarter and represents a $0.01 increase from the second quarter of 2024. The current dividend yield stands at 3.67%, reflecting the company’s impressive 32-year streak of maintaining dividend payments.

The upcoming dividend will be distributed to shareholders who are on record as of June 13, 2025, with the payment date scheduled for June 30, 2025. According to InvestingPro, ChoiceOne has raised its dividend for 4 consecutive years, with several more key dividend metrics available to subscribers.

ChoiceOne Financial Services, operating through its subsidiary ChoiceOne Bank, provides banking services across 56 offices located in West, Central, and Southeast Michigan. With a market capitalization of $447 million, the company offers banking services and insurance and investment products through ChoiceOne Insurance Agencies, Inc.

The announcement of the dividend follows ChoiceOne’s practice of providing returns to its shareholders and reflects the company’s financial performance and commitment to its shareholders’ interests. The declaration of dividends is a common practice among publicly traded companies, aimed at delivering value to shareholders.

Investors typically view the consistency of dividend payments as a positive indicator of a company’s stability and profitability. Dividends can also reflect a company’s confidence in its current financial health and outlook.

The information in this article is based on a press release statement from ChoiceOne Financial Services, Inc.

In other recent news, ChoiceOne Financial Services, Inc. has announced the continuation of its quarterly cash dividend at $0.28 per share for the first quarter of 2025. This dividend amount remains unchanged from the previous quarter, reflecting the company’s consistent dividend policy. Shareholders recorded by March 14, 2025, will be eligible for this payout, scheduled for March 31, 2025. The dividend is a slight increase from the $0.27 per share paid in the first quarter of the previous year. This announcement may serve as an indicator of ChoiceOne’s stable financial health and its ongoing commitment to providing value to shareholders. The company operates primarily in Michigan and offers a variety of banking services through its 36 offices. Additionally, ChoiceOne provides insurance and investment products through its subsidiary, ChoiceOne Insurance Agencies, Inc.

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