MIDLAND, Mich., Jan. 22 /PRNewswire-FirstCall/ -- Aloysius J. Oliver,
Chairman of Chemical Financial Corporation (Nasdaq: CHFC), announced that on
January 21, 2002 the board of directors of the Company declared a cash
dividend of $0.24 per share of common stock for the first quarter of 2002.
The cash dividend will be payable on Friday, March 15, 2002 to shareholders of
record on March 1, 2002. The ex-dividend date is February 27, 2002.
The $0.24 per share dividend for the first quarter of 2002 represents a 5%
increase over the per share cash dividend paid in the previous quarter,
adjusted for the 5% stock dividend paid on December 21, 2001.
Chemical Financial Corporation is the fourth largest bank holding company
headquartered in Michigan. The Company's three subsidiary banks operate 128
"Chemical Bank" offices and two loan production offices spread over 33
counties in the lower peninsula of Michigan. CF Data Corp, Midland, is the
Company's wholly owned data processing subsidiary.
Chemical Financial Corporation common stock trades on The NASDAQ Stock
Market under the symbol CHFC and is one of the issues comprising the NASDAQ
Financial 100 index.
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, +1-517-839-5269, or Lori A.
Gwizdala, +1-517-839-5358, both of Chemical Financial Corporation
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