ChoiceOne Financial Services, Inc. (COFS) Dividends
Dividend Yield and Dividend History Highlights
- Over the past 6 years of historical data, COFS has returned more capital to shareholders through its dividend issuances than only 14.51% of other dividend-paying US stocks.
- COFS reports a compound annual dividend growth rate of 0.23% over the past 5.5 years.
- COFS's free cash flow has been growing at a compound average annual rate of -1,056.75% over the past 5.5 years -- higher than just 0.8% of current US-listed dividend stocks.
- If you want to include this stock in your dividend portfolio, here are some dividend stocks that are NOT correlated with COFS that may be suitable potential portfolio mates: PEGA, REYN, ETR, PBR and ED.
COFS Price Forecast Based on Dividend Discount Model
| Current Price | DDM Fair Value Target: | Forecasted Gain: |
| $22.43 | $79.58 | 219.85% |
For dividend yielding stocks, the Dividend Discount Model (DDM) is a common valuation tool; it attempts to extrapolate a fair share price based primarily on the dividend the stock provides relative to a number of other quantiative aspects of its business. Regarding Choiceone Financial Services Inc, the dividend discount model StockNews created for the company implies a positive return of 219.85%. To help understand and contextualize the model's evaluation of COFS, investors may wish to consider are:
- A stock's beta generally indicates its volatility relative to the broader equity market; for Choiceone Financial Services Inc, its beta is lower than 97.51% of dividend issuing stocks we observed.
- Based on dividend growth rate, COFS boasts a higher growth rate in terms of its annual cash distributed to its owners than 87.95% of the dividend issuers in our set.
- In comparison to its fellow dividend issuing stocks in the Financial Services sector, Choiceone Financial Services Inc has an equity discount rate lower than 84.44% of them.
COFS Dividend History
| Ex-Dividend Date | Type | Payout Amount | Change |
|---|---|---|---|
| 2024-03-14 | Dividend | $0.27 | -- |
| 2023-12-14 | Dividend | $0.27 | +3.85% |
| 2023-09-14 | Dividend | $0.26 | -- |
| 2023-06-14 | Dividend | $0.26 | -- |
| 2023-03-14 | Dividend | $0.26 | -- |
| 2022-12-14 | Dividend | $0.26 | +4.00% |
| 2022-09-14 | Dividend | $0.25 | -- |
| 2022-06-14 | Dividend | $0.25 | -- |
| 2022-03-14 | Dividend | $0.25 | -- |
| 2021-12-14 | Dividend | $0.25 | -- |
| 2021-09-14 | Dividend | $0.25 | +13.64% |
| 2021-06-14 | Dividend | $0.22 | -- |
| 2021-03-12 | Dividend | $0.22 | -- |
| 2020-12-14 | Dividend | $0.22 | +10.00% |
| 2020-09-14 | Dividend | $0.20 | -- |
| 2020-06-12 | Dividend | $0.20 | -- |
| 2020-03-12 | Dividend | $0.20 | +53.85% |
| 2013-06-12 | Dividend | $0.13 | +8.33% |
| 2010-12-13 | Dividend | $0.12 | -- |
| 2010-09-13 | Dividend | $0.12 | -- |
| 2010-06-11 | Dividend | $0.12 | -- |
| 2010-03-11 | Dividend | $0.12 | -- |
| 2009-12-11 | Dividend | $0.12 | -- |
| 2009-09-11 | Dividend | $0.12 | -- |
| 2009-06-11 | Dividend | $0.12 | -- |
| 2009-03-11 | Dividend | $0.12 | -29.41% |
| 2008-12-11 | Dividend | $0.17 | -- |
| 2008-09-11 | Dividend | $0.17 | -- |
| 2008-06-11 | Dividend | $0.17 | -- |
| 2008-03-12 | Dividend | $0.17 | -- |
| 2007-12-12 | Dividend | $0.17 | -- |
| 2007-09-12 | Dividend | $0.17 | -- |
| 2007-06-13 | Dividend | $0.17 | -- |
| 2007-03-13 | Dividend | $0.17 | -- |
| 2006-12-13 | Dividend | $0.17 | -- |
| 2006-09-13 | Dividend | $0.17 | -- |
| 2006-06-13 | Dividend | $0.17 | -- |
| 2006-03-13 | Dividend | $0.17 | -- |
| 2005-12-13 | Dividend | $0.17 | -- |
| 2005-09-13 | Dividend | $0.17 | -- |
| 2005-06-13 | Dividend | $0.17 | -83.81% |
| 2005-05-05 | Dividend | $1.05 | +517.65% |
| 2005-03-11 | Dividend | $0.17 | -- |
| 2004-12-13 | Dividend | $0.17 | -- |
| 2004-09-13 | Dividend | $0.17 | -- |
| 2004-06-14 | Dividend | $0.17 | -- |
| 2004-03-10 | Dividend | $0.17 | -- |
| 2003-12-10 | Dividend | $0.17 | -- |
COFS Dividends vs. Peers
COFS's dividend yield currently ranks #35 of 73 vs. its peers in the Midwest Regional Banks category.