On May 24, 2023, Choiceone Financial Services declared a regular quarterly dividend of $0.26 per share ($1.04 annualized), which is the same as the previous quarter. To qualify for the dividend, shares must be purchased before the ex-dividend date of June 14, 2023, and shareholders of record as of June 15, 2023, will receive the payment on June 30, 2023.
At the current share price of $20.67 per share, the stock’s dividend yield is 5.03%, which is higher than the historical average of 3.34%. The company’s dividend payout ratio, which tells us how much of a company’s income is paid out in dividends, is 0.33. A payout ratio greater than one means the company is dipping into savings to maintain its dividend, which is not a healthy situation.
Choiceone Financial Services has increased its dividend over time, with a 3-year dividend growth rate of 0.30%.
If you’re interested in harvesting dividends, you can easily do so with Fintel’s Dividend Capture Calendar.
There are currently 52 funds or institutions reporting positions in Choiceone Financial Services, which is an increase of 1 owner or 1.96% in the last quarter. The average portfolio weight of all funds dedicated to COFS is 0.05%, an increase of 21.43%.
ChoiceOne Financial Services, Inc. is the holding company for ChoiceOne Bank headquartered in Sparta, Michigan.
Key filings for this company can be found on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
