MIDLAND, Mich., Dec. 13 /PRNewswire-FirstCall/ -- Chemical Financial
Corporation's Board of Directors announced that on December 12, 2005, the
board of directors of the Company declared a quarterly cash dividend of $0.275
per share of common stock, representing a 3.8% increase over the fourth
quarter 2005 dividend. The higher dividend will be payable on Friday, March
17, 2006, to shareholders of record on March 3, 2006. The ex-dividend date is
March 1, 2006. In declaring this dividend, the board indicated its intent to
continue this quarterly dividend rate throughout 2006 resulting in a 3.8%
increase in cash dividends. The year of 2006 will mark the 32nd consecutive
year of annual dividend increases paid to Chemical Financial Corporation
shareholders.
Chemical Financial Corporation (Nasdaq: CHFC) is the fourth largest bank
holding company headquartered in Michigan. The Company's three subsidiary
banks operate 132 banking offices 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 and is one of the issues comprising the Nasdaq
Financial 100 index.
Forward Looking Statements
This press release contains forward-looking statements. Words such as
"anticipates," "believes," "estimates," "expects," "intends," "should,"
"will," variations of such words and similar expressions are intended to
identify forward-looking statements. These statements reflect management's
current beliefs as to the expected outcomes of future events and are not
guarantees of future performance. These statements involve certain risks,
uncertainties and assumptions that are difficult to predict with regard to
timing, extent, likelihood and degree of occurrence. Therefore, actual
results and outcomes may materially differ from what may be expressed or
forecasted in such forward-looking statements. Factors that could cause a
difference include, among others: changes in the national and local economies
or market conditions; changes in interests rates and banking regulations; the
impact of competition from traditional or new sources; and the possibility
that anticipated cost savings and revenue enhancements from mergers and
acquisitions and bank consolidations may not be fully realized at all or
within the expected time frames. These and other factors that may emerge
could cause decisions and actual results to differ materially from current
expectations. Chemical undertakes no obligation to revise, update, or clarify
forward-looking statements to reflect events or conditions after the date of
this release.
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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