ChoiceOne Financial Services (ChoiceOne Financial Services) Dividend Yield % : 3.85% (As of May. 20, 2024)

View and export this data going back to 2001. Start your Free Trial

What is ChoiceOne Financial Services Dividend Yield %?

As of today (2024-05-20), the Trailing Annual Dividend Yield of ChoiceOne Financial Services is 3.85%.

The historical rank and industry rank for ChoiceOne Financial Services's Dividend Yield % or its related term are showing as below:

COFS' s Dividend Yield % Range Over the Past 10 Years
Min: 2.35 Med: 2.94 Max: 6.35
Current: 3.85

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%.

COFS's Dividend Yield % is ranked worse than
52.89% of 1193 companies
in the Banks industry
Industry Median: 3.91 vs COFS: 3.85

ChoiceOne Financial Services's Dividend Payout Ratio for the three months ended in Mar. 2024 was 0.37.

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.

As of today (2024-05-20), the Forward Dividend Yield % of ChoiceOne Financial Services is 3.91%.

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

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.

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.

The growth rate is calculated with least square regression.

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

ChoiceOne Financial Services Dividend Yield % Historical Data

The historical data trend for ChoiceOne Financial Services's Dividend Yield % can be seen below:

* 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.

* Premium members only.

ChoiceOne Financial Services Dividend Yield % Chart

ChoiceOne Financial Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Yield %

Get a 7-Day Free Trial

2.50

2.66

3.55

3.63

3.58

ChoiceOne Financial Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Dividend Yield %	Get a 7-Day Free Trial															3.96	4.48	5.17	3.58	3.83

Competitive Comparison of ChoiceOne Financial Services's Dividend Yield %

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

For the Banks industry and Financial Services sector, ChoiceOne Financial Services's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where ChoiceOne Financial Services's Dividend Yield % falls into.

ChoiceOne Financial Services Dividend Yield % Calculation

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 0.270000	2024-03-14	2024-03-15	2024-03-29	Cash Dividend	quarterly	USD:USD 1.000000
USD 0.270000	2023-12-14	2023-12-15	2023-12-29	Cash Dividend	quarterly	USD:USD 1.000000
USD 0.260000	2023-09-14	2023-09-15	2023-09-29	Cash Dividend	quarterly	USD:USD 1.000000
USD 0.260000	2023-06-14	2023-06-15	2023-06-30	Cash Dividend	quarterly	USD: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 Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual 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.

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

Forward Annual Dividend Yield	=	Forward Full Year Dividend	/	Current Share Price
	=	1.08	/	27.61
	=	3.91 %

Current Share Price is $27.61.
ChoiceOne Financial Services's Dividends per Share for the forward twelve months is calculated as $0.27 * 4 = $1.08.

ChoiceOne Financial Services (NAS:COFS) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.

ChoiceOne Financial Services Dividend Yield % Related Terms

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

ChoiceOne Financial Services (ChoiceOne Financial Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ChoiceOne Financial Services Inc (NAS:COFS) » Definitions » Dividend Yield %

Comparable Companies

Traded in Other Exchanges

N/A

Address

109 East Division Street, Sparta, MI, USA, 49345

Website

https://www.choiceone.com

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