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ChoiceOne Financial Services (ChoiceOne Financial Services) 3-Year Dividend Growth Rate : 8.60% (As of Mar. 2024)


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What is ChoiceOne Financial Services 3-Year Dividend Growth Rate?

ChoiceOne Financial Services's Dividends per Share for the three months ended in Mar. 2024 was $0.27.

The historical rank and industry rank for ChoiceOne Financial Services's 3-Year Dividend Growth Rate or its related term are showing as below:

COFS' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -11   Med: 6.2   Max: 31.3
Current: 8.6

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of ChoiceOne Financial Services was 31.30% per year. The lowest was -11.00% per year. And the median was 6.20% per year.

COFS's 3-Year Dividend Growth Rate is ranked better than
54.15% of 772 companies
in the Banks industry
Industry Median: 7.7 vs COFS: 8.60

During the past 12 months, ChoiceOne Financial Services's average Dividends Per Share Growth Rate was 3.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 8.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 8.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 8.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

ChoiceOne Financial Services's Dividend Payout Ratio for the three months ended in Mar. 2024 was 0.37. As of today, ChoiceOne Financial Services's Dividend Yield % is 3.85%.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of ChoiceOne Financial Services's 3-Year Dividend Growth Rate

For the Banks - Regional subindustry, ChoiceOne Financial Services's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ChoiceOne Financial Services's 3-Year Dividend Growth Rate Distribution in the Banks Industry

For the Banks industry and Financial Services sector, ChoiceOne Financial Services's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where ChoiceOne Financial Services's 3-Year Dividend Growth Rate falls into.



ChoiceOne Financial Services 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


ChoiceOne Financial Services  (NAS:COFS) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

ChoiceOne Financial Services's Dividend Payout Ratio for the quarter that ended in Mar. 2024 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2024 )/ EPS without NRI (Q: Mar. 2024 )
=0.27/ 0.74
=0.36

During the past 13 years, the highest Dividend Payout Ratio of ChoiceOne Financial Services was 0.42. The lowest was 0.32. And the median was 0.36.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

ChoiceOne Financial Services Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.2700002024-03-142024-03-152024-03-29Cash DividendquarterlyUSD:USD 1.000000
USD 0.2700002023-12-142023-12-152023-12-29Cash DividendquarterlyUSD:USD 1.000000
USD 0.2600002023-09-142023-09-152023-09-29Cash DividendquarterlyUSD:USD 1.000000
USD 0.2600002023-06-142023-06-152023-06-30Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

ChoiceOne Financial Services's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.06/27.61
=3.84 %

Current Share Price is $27.61.
ChoiceOne Financial Services's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.06.

During the past 13 years, the highest Dividend Yield of ChoiceOne Financial Services was 6.35%. The lowest was 2.35%. And the median was 2.94%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


ChoiceOne Financial Services 3-Year Dividend Growth Rate Related Terms>


ChoiceOne Financial Services (ChoiceOne Financial Services) Business Description

Traded in Other Exchanges
N/A
Address
109 East Division Street, Sparta, MI, USA, 49345
ChoiceOne Financial Services Inc is a full-service banking institution. It is engaged in the business of providing personal and business banking solutions, borrowing solutions, and treasury notes and bonds services. The bank's product and services portfolio consist of time, savings and demand deposits, safe deposit services, automated transaction machine services, commercial and consumer loans, commercial lending to business, industry, agricultural, construction, inventory, and real estate categories. Its primary market area is Kent, Muskegon, Newaygo, and Ottawa counties in western Michigan, and Lapeer, Macomb, and St. Clair counties in southeastern Michigan in the communities where the Bank's respective offices are located.
Executives
Greg L. Armock director 109 EAST DIVISION STREET, SPARTA MI 49345
Curt E Coulter director 109 EAST DIVISION STREET, SPARTA MI 49345
Burke Michael J Jr director, officer: President 109 EAST DIVISION STREET, SPARTA MI 49345
Essex Bruce John Jr director 109 EAST DIVISION STREET, SPARTA MI 49345
Gregory A Mcconnell director 109 EAST DIVISION STREET, SPARTA MI 49345
Adom Greenland officer: S.V.P. - ChoiceOne Bank (Sub.) 109 EAST DIVISION STREET, SPARTA MI 49345
Bradley F. Mcginnis director 109 EAST DIVISION STREET, SPARTA MI 49345
Jack Hendon director 109 EAST DIVISION STREET, SPARTA MI 49345
Eric E Burrough director 109 EAST DIVISION STREET, SPARTA MI 49345
Michelle M Wendling director 109 EAST DIVISION STREET, SPARTA MI 49345
David J Churchill director 109 EAST DIVISION STREET, SPARTA MI 49345
Kelly Potes officer: V.P. - ChoiceOne Insur. (Sub.) 109 EAST DIVISION STREET, SPARTA MI 49345
Lee A Braford officer: VP-ChoiceOne Bank (Subsidiary) 109 EAST DIVISION STREET, SPARTA MI 49345
Peter Batistoni officer: S.V.P. - ChoiceOne Bank (Sub.) 109 EAST DIVISION STREET, SPARTA MI 49345
Robert M Jamula officer: S.V.P. - ChoiceOne Bank (Sub) 109 EAST DIVISION STREET, SPARTA MI 49345

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