COFS Choiceone Financial Services dividend history, payout ratio & dates
Choiceone Financial Services's latest cash dividend of $0.27 per share was issued to shareholders on record before Sep 13, 2024. At an annualized rate of $1.08 per share, the stock yields 2.96%.
Key dates
- COFS last dividend date: Sep 13, 2024
COFS dividend stats
vs. Financial Services sector
Dividend yield
Choiceone Financial Services's dividend yield of 2.96% is above the Financial Services sector and the industry average but below its peers average. Compared to its Financial Services sector average of 2.58%, Choiceone Financial Services's dividend yield is 15% higher. The historical 5-year average of COFS's dividend yield is 3.5%, which is above the current yield.
Dividend history
Choiceone Financial Services has been paying dividends for the last 23 years. Our records show that COFS has distributed four quarterly dividends in the past year. The annualized dividend per share has an increase of 3.8% since twelve months ago. However with the price of the stock up by 45% from a year ago, the dividend yield has a decrease of 28%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Sep 13, 2024 | $0.27 | 3.6% |
| Jun 14, 2024 | $0.27 | 4.15% |
| Mar 14, 2024 | $0.27 | 4.05% |
| Dec 14, 2023 | $0.27 | 3.61% |
| Sep 14, 2023 | $0.26 | 4.55% |
| Jun 14, 2023 | $0.26 | 4.27% |
| Mar 14, 2023 | $0.26 | 3.88% |
| Dec 14, 2022 | $0.26 | 4.06% |
| Sep 14, 2022 | $0.25 | 4.71% |
| Jun 14, 2022 | $0.25 | 4.99% |
| Mar 14, 2022 | $0.25 | 3.8% |
| Dec 14, 2021 | $0.25 | 3.75% |
| Sep 14, 2021 | $0.25 | 3.7% |
| Jun 14, 2021 | $0.22 | 3.46% |
| Mar 12, 2021 | $0.22 | 2.83% |
| Dec 14, 2020 | $0.22 | 2.7% |
| Sep 14, 2020 | $0.2 | 2.12% |
| Jun 12, 2020 | $0.2 | 1.31% |
| Mar 12, 2020 | $0.2 | 0.73% |
Choiceone Financial Services dividend payout ratio
Payout ratio
Choiceone Financial Services's payout ratio of 34% is below the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 44%, Choiceone Financial Services's payout ratio is 23% lower.
Total amount of dividends paid per financial year (from cash flow)
COFS dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| CZNC Citizens & Northern Corp | 5.58% | $1.12 | 77.8% |
| FISI Financial Institutions Inc | 4.37% | $1.2 | 37.4% |
| ASRV Ameriserv Financial Inc | 3.95% | $0.12 | N/A |
| COFS Choiceone Financial Services, Inc. | 2.96% | $1.08 | 34% |
| FBMS First Bancshares Inc | 2.71% | $1 | 44.8% |
| ACNB Acnb Corp | 2.6% | $1.24 | 35.9% |
| FUNC First United Corp | 2.38% | $0.82 | 33.3% |
| FMBH First Mid Bancshares Inc | 2.24% | $0.94 | 28.8% |
Frequently asked questions
Does Choiceone Financial Services pay a dividend?
Yes, Choiceone Financial Services has been paying dividends for the last 23 years.
When was COFS's last dividend?
Choiceone Financial Services's last dividend ex-date was on Sep 13, 2024. The dividend amount was $0.27 per share.
How much dividend does Choiceone Financial Services pay (per share)?
COFS's annualized dividend per share is $1.08.
What is Choiceone Financial Services's dividend yield?
The current dividend yield of Choiceone Financial Services is 2.96%.
How often does Choiceone Financial Services pay dividends?
Choiceone Financial Services has a quarterly dividend frequency.
What is Choiceone Financial Services's dividend payout ratio?
Choiceone Financial Services's dividend payout ratio is 34%.
Does Choiceone Financial Services pay a good dividend?
Choiceone Financial Services's dividend yield is above the Financial Services sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.