COFS - NASDAQ
ChoiceOne Financial Services, Inc.
$30.52
-3.4%ChoiceOne Financial Services, Inc. operates as the bank holding company for ChoiceOne Bank that provides community banking services to corporations, partnerships, and individuals in Michigan. The company offers various deposit products, including time, savings, and demand deposits, safe deposit, and automated transaction machine services. It also provides commercial loans, such as business, industry, agricultural, construction, inventory, and real estate loans; and consumer loans comprising direct and indirect loans to consumers and purchasers of residential and real properties. In addition, the company offers safe deposit and automated transaction machine services; and alternative investment products, including annuities and mutual funds, as well as sells insurance policies, such as life and health for commercial and consumer clients. It operates 32 full-service offices in Kent, Muskegon, Newaygo, and Ottawa, Lapeer, Macomb, and St. Clair counties, Michigan. The company also operates three loan production offices. ChoiceOne Financial Services, Inc. was founded in 1898 and is headquartered in Sparta, Michigan.
At a Glance
Live SnapshotChoiceOne Financial Services, Inc. Dividend History
COFS Dividend Payment History
Total Payments
50
Latest Dividend
$0.2900
Annual Amount
$1.1500
Frequency
Quarterly
| Declaration | Ex-Date | Payment Date | Dividend | Adjusted | Frequency | Growth |
|---|---|---|---|---|---|---|
May 20, 2026 | Jun 15, 2026 | Jun 30, 2026 | $0.2900 | $0.2900 | Quarterly | 0.00% |
Feb 25, 2026 | Mar 13, 2026 | Mar 31, 2026 | $0.2900 | $0.2900 | Quarterly | 0.00% |
Dec 3, 2025 | Dec 15, 2025 | Dec 31, 2025 | $0.2900 | $0.2900 | Quarterly | +3.57% |
Aug 27, 2025 | Sep 15, 2025 | Sep 30, 2025 | $0.2800 | $0.2800 | Quarterly | 0.00% |
May 21, 2025 | Jun 13, 2025 | Jun 30, 2025 | $0.2800 | $0.2800 | Quarterly | 0.00% |
Feb 26, 2025 | Mar 14, 2025 | Mar 31, 2025 | $0.2800 | $0.2800 | Quarterly | 0.00% |
Dec 4, 2024 | Dec 13, 2024 | Dec 31, 2024 | $0.2800 | $0.2800 | Quarterly | +3.70% |
Aug 23, 2024 | Sep 13, 2024 | Sep 30, 2024 | $0.2700 | $0.2700 | Quarterly | 0.00% |
May 29, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.2700 | $0.2700 | Quarterly | 0.00% |
Feb 28, 2024 | Mar 15, 2024 | Mar 29, 2024 | $0.2700 | $0.2700 | Quarterly | 0.00% |
Nov 29, 2023 | Dec 15, 2023 | Dec 29, 2023 | $0.2700 | $0.2700 | Quarterly | +3.85% |
Aug 23, 2023 | Sep 15, 2023 | Sep 29, 2023 | $0.2600 | $0.2600 | Quarterly | 0.00% |
May 24, 2023 | Jun 15, 2023 | Jun 30, 2023 | $0.2600 | $0.2600 | Quarterly | 0.00% |
Feb 22, 2023 | Mar 15, 2023 | Mar 31, 2023 | $0.2600 | $0.2600 | Quarterly | 0.00% |
Nov 30, 2022 | Dec 15, 2022 | Dec 30, 2022 | $0.2600 | $0.2600 | Quarterly | +4.00% |
Aug 24, 2022 | Sep 15, 2022 | Sep 30, 2022 | $0.2500 | $0.2500 | Quarterly | 0.00% |
May 25, 2022 | Jun 15, 2022 | Jun 30, 2022 | $0.2500 | $0.2500 | Quarterly | 0.00% |
Feb 25, 2022 | Mar 15, 2022 | Mar 31, 2022 | $0.2500 | $0.2500 | Quarterly | 0.00% |
Dec 1, 2021 | Dec 15, 2021 | Dec 31, 2021 | $0.2500 | $0.2500 | Quarterly | 0.00% |
Aug 30, 2021 | Sep 15, 2021 | Sep 30, 2021 | $0.2500 | $0.2500 | Quarterly | +13.64% |
May 28, 2021 | Jun 15, 2021 | Jun 30, 2021 | $0.2200 | $0.2200 | Quarterly | 0.00% |
Mar 2, 2021 | Mar 15, 2021 | Mar 31, 2021 | $0.2200 | $0.2200 | Quarterly | 0.00% |
Nov 19, 2020 | Dec 15, 2020 | Dec 31, 2020 | $0.2200 | $0.2200 | Quarterly | +10.00% |
Sep 2, 2020 | Sep 15, 2020 | Sep 30, 2020 | $0.2000 | $0.2000 | Quarterly | 0.00% |
May 27, 2020 | Jun 15, 2020 | Jun 30, 2020 | $0.2000 | $0.2000 | Quarterly | 0.00% |
Feb 26, 2020 | Mar 13, 2020 | Mar 31, 2020 | $0.2000 | $0.2000 | Quarterly | 0.00% |
Dec 3, 2019 | Dec 13, 2019 | Dec 31, 2019 | $0.2000 | $0.2000 | Quarterly | -75.00% |
Aug 28, 2019 | Sep 19, 2019 | Sep 30, 2019 | $0.8000 | $0.8000 | Quarterly | +300.00% |
May 23, 2019 | Jun 14, 2019 | Jun 28, 2019 | $0.2000 | $0.2000 | Quarterly | 0.00% |
Mar 4, 2019 | Mar 15, 2019 | Mar 29, 2019 | $0.2000 | $0.2000 | Quarterly | +11.11% |
Dec 3, 2018 | Dec 14, 2018 | Dec 31, 2018 | $0.1800 | $0.1800 | Quarterly | 0.00% |
Aug 30, 2018 | Sep 14, 2018 | Sep 28, 2018 | $0.1800 | $0.1800 | Quarterly | 0.00% |
May 25, 2018 | Jun 15, 2018 | Jun 29, 2018 | $0.1800 | $0.1800 | Quarterly | +5.26% |
Feb 28, 2018 | Mar 15, 2018 | Mar 30, 2018 | $0.1710 | $0.1710 | Quarterly | +5.56% |
Nov 22, 2017 | Dec 15, 2017 | Dec 29, 2017 | $0.1620 | $0.1620 | Quarterly | 0.00% |
Aug 23, 2017 | Sep 15, 2017 | Sep 29, 2017 | $0.1620 | $0.1620 | Quarterly | 0.00% |
May 25, 2017 | Jun 15, 2017 | Jun 30, 2017 | $0.1620 | $0.1620 | Quarterly | +5.19% |
Mar 3, 2017 | Mar 15, 2017 | Mar 31, 2017 | $0.1540 | $0.1540 | Quarterly | 0.00% |
Nov 23, 2016 | Dec 15, 2016 | Dec 30, 2016 | $0.1540 | $0.1540 | Quarterly | 0.00% |
Aug 24, 2016 | Sep 15, 2016 | Sep 30, 2016 | $0.1540 | $0.1540 | Quarterly | 0.00% |
May 18, 2016 | Jun 15, 2016 | Jun 30, 2016 | $0.1540 | $0.1540 | Quarterly | 0.00% |
Mar 7, 2016 | Mar 15, 2016 | Mar 31, 2016 | $0.1540 | $0.1540 | Quarterly | 0.00% |
Nov 25, 2015 | Dec 15, 2015 | Dec 31, 2015 | $0.1700 | $0.1540 | Quarterly | 0.00% |
Nov 25, 2015 | Dec 15, 2015 | Dec 31, 2015 | $0.1540 | $0.1540 | Quarterly | 0.00% |
Aug 26, 2015 | Sep 15, 2015 | Sep 30, 2015 | $0.1540 | $0.1540 | Quarterly | 0.00% |
Apr 22, 2015 | Jun 15, 2015 | Jun 30, 2015 | $0.1540 | $0.1540 | Quarterly | +13.24% |
Feb 25, 2015 | Mar 13, 2015 | Mar 31, 2015 | $0.1360 | $0.1360 | Quarterly | 0.00% |
Dec 1, 2014 | Dec 15, 2014 | Dec 31, 2014 | $0.1360 | $0.1360 | Quarterly | 0.00% |
Aug 27, 2014 | Sep 15, 2014 | Sep 30, 2014 | $0.1360 | $0.1360 | Quarterly | 0.00% |
May 28, 2014 | Jun 13, 2014 | Jun 30, 2014 | $0.1360 | $0.1360 | Quarterly | - |
ChoiceOne Financial Services, Inc. Payout Ratio Analysis
Dividend Sustainability Analysis
Payout Ratio
Conservative payout with excellent safety margin. Company retains significant earnings for growth, acquisitions, or building cash reserves. Dividend is highly sustainable.
FCF Payout Ratio
Solid FCF coverage. Dividend appears sustainable with reasonable cushion for maintaining capital expenditures and handling temporary setbacks.
Dividend Growth
Significant dividend reduction signals serious challenges. Company prioritizing financial stability over shareholder returns. High risk of further cuts.
Sustainability
Sustainable dividend with adequate coverage. Some areas for improvement but overall appears safe for dividend investors.
Key Insight
Recent dividend cut signals distress: Management forced to reduce payout, indicating financial pressure. Evaluate whether business challenges are temporary or structural before reinvesting.
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