ChoiceOne Financial Services Announces $0.29 Quarterly Dividend

The bank holding company will pay out the dividend to shareholders on March 31st.

Feb. 26, 2026 at 4:33pm

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ChoiceOne Financial Services, Inc. (NASDAQ:COFS) has declared a quarterly dividend of $0.29 per share, payable on March 31st to shareholders of record as of March 13th. This represents an annualized dividend of $1.16 and a yield of 3.9% based on the company's current stock price.

Why it matters

The dividend announcement demonstrates ChoiceOne Financial's commitment to returning capital to shareholders and its confidence in the company's financial performance and outlook. Consistent dividend payments are an important factor for many income-oriented investors.

The details

ChoiceOne Financial has increased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 13 years. The company's current payout ratio of 31.2% indicates the dividend is well-covered by earnings, and analysts expect ChoiceOne to maintain a payout ratio around 30% going forward.

  • The dividend will be paid on Tuesday, March 31, 2026.
  • The ex-dividend date is Friday, March 13, 2026.

The players

ChoiceOne Financial Services, Inc.

A bank holding company headquartered in Jackson, Michigan that provides a full suite of banking and financial services through its subsidiary, ChoiceOne Bank.

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What’s next

Investors of record as of March 13th will be eligible to receive the $0.29 per share dividend payment on March 31st.

The takeaway

ChoiceOne Financial's consistent dividend increases and healthy payout ratio demonstrate the company's strong financial position and commitment to shareholder returns, which could make it an attractive option for income-oriented investors.