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ChoiceOne Financial Services (ChoiceOne Financial Services) 5-Year Yield-on-Cost % : 5.74 (As of May. 20, 2024)


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What is ChoiceOne Financial Services 5-Year Yield-on-Cost %?

ChoiceOne Financial Services's yield on cost for the quarter that ended in Mar. 2024 was 5.74.


The historical rank and industry rank for ChoiceOne Financial Services's 5-Year Yield-on-Cost % or its related term are showing as below:

COFS' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 3.5   Med: 4.38   Max: 9.46
Current: 5.74


During the past 13 years, ChoiceOne Financial Services's highest Yield on Cost was 9.46. The lowest was 3.50. And the median was 4.38.


COFS's 5-Year Yield-on-Cost % is ranked better than
59.65% of 1192 companies
in the Banks industry
Industry Median: 4.945 vs COFS: 5.74

Competitive Comparison of ChoiceOne Financial Services's 5-Year Yield-on-Cost %

For the Banks - Regional subindustry, ChoiceOne Financial Services's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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 5-Year Yield-on-Cost % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, ChoiceOne Financial Services's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where ChoiceOne Financial Services's 5-Year Yield-on-Cost % falls into.



ChoiceOne Financial Services 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of ChoiceOne Financial Services is calculated as

Yield-on-Cost=Dividend Yield %*(1+Dividend Growth Rate)^5

ChoiceOne Financial Services  (NAS:COFS) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.


ChoiceOne Financial Services 5-Year Yield-on-Cost % Related Terms

Thank you for viewing the detailed overview of ChoiceOne Financial Services's 5-Year Yield-on-Cost % provided by GuruFocus.com. Please click on the following links to see related term pages.


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

ChoiceOne Financial Services (ChoiceOne Financial Services) Headlines

From GuruFocus

ChoiceOne Bank Kicks Off Annual Scholarship Program

By PRNewswire PRNewswire 01-27-2023

Choiceone Financial Services Inc (COFS) CEO Kelly Potes Bought $76,680 of Shares

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ChoiceOne Financial Announces Cash Dividend

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ChoiceOne Financial Announces Cash Dividend

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ChoiceOne Financial Announces Cash Dividend

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CHOICEONE FINANCIAL ANNOUNCES CASH DIVIDENDS

By PRNewswire 11-29-2023

ChoiceOne Bank Names Adom J. Greenland Chief Financial Officer

By PRNewswire PRNewswire 01-04-2022

CHOICEONE FINANCIAL ANNOUNCES CASH DIVIDENDS

By PRNewswire 08-23-2023