MIDLAND, Mich., Dec. 14 /PRNewswire-FirstCall/ -- Chemical Financial
Corporation is pleased to announce that on December 13, 2004, the Board of
Directors of the Corporation declared a five percent stock dividend.
The five percent stock dividend that was declared will result in
shareholders receiving one additional share of common stock for each twenty
shares owned on January 10, 2005, which was established as the record date for
the dividend. The payable date for the stock dividend was established as
January 28, 2005, with certificates issued pursuant to the stock dividend to
be mailed to shareholders on that date. The ex-dividend date for the stock
dividend will be January 6, 2005. No fractional shares will be issued;
fractional share amounts will be settled to shareholders in cash.
Chemical Financial Corporation is the fourth largest bank holding company
headquartered in Michigan. The Company's three Subsidiary Banks operate 132
"Chemical Bank" offices and 2 loan production 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.
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 and CEO of
Chemical Financial Corporation, +1-989-839-5269
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