MIDLAND, Mich., Jan. 18 /PRNewswire-FirstCall/ -- Chemical Financial
Corporation's Board of Directors announced that on January 17, 2005, it
approved the declaration of a quarterly cash dividend of $0.265 per share of
common stock payable on Friday, March 18, 2005, to shareholders of record on
March 4, 2005. The ex-dividend date is March 2, 2005.
This dividend rate, coupled with the increased number of shares
outstanding following the five percent stock dividend payable on January 28,
2005, as announced on December 14, 2004, will result in a 5% increase in cash
dividends to be paid in 2005. The year of 2005 will mark the thirtieth
consecutive year of annual dividend increases paid to Chemical Financial
Corporation shareholders.
Chemical Financial Corporation is the fourth largest bank holding company
headquartered in Michigan. The Company's three subsidiary banks operate 132
banking offices and 1 loan production office spread over 32 counties in the
lower peninsula of Michigan.
Chemical Financial Corporation common stock trades on The NASDAQ Stock
Market under the symbol "CHFC".
SOURCE Chemical Financial Corporation
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Related links:
http://chemicalbankmi.com
Company News On-Call:
http://www.prnewswire.com/comp/157448.html
CONTACT:
David B. Ramaker, President & CEO of Chemical
Financial Corporation, +1-989-839-5269
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