Chemung Financial Corporation Announces Quarterly Dividend

Rhea-AI Summary

Chemung Financial Corporation (Nasdaq: CHMG) has declared a quarterly cash dividend of $0.31 per share, to be paid on July 1, 2022. Shareholders of record as of June 17, 2022 will benefit from this dividend. As a $2.5 billion financial services holding company, Chemung operates 31 offices through its subsidiary, Chemung Canal Trust Company, recognized as New York State's oldest locally-owned community bank. The company also manages CFS Group, Inc. and Chemung Risk Management, Inc., offering varied financial services.

Positive

• Declaration of a cash dividend of $0.31 per share, indicating shareholder returns.
• Established reputation as the oldest community bank in New York State, enhancing trust and stability.

Negative

• None.

ELMIRA, N.Y., May 18, 2022 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (Nasdaq: CHMG) announced today that its Board of Directors has approved a quarterly cash dividend of $0.31 per share, payable on July 1, 2022 to common stock shareholders of record as of the close of business on June 17, 2022.

Chemung Financial Corporation is a $2.5 billion financial services holding company headquartered in Elmira, New York and operates 31 offices through its principal subsidiary, Chemung Canal Trust Company, a full-service community bank with full trust powers. Established in 1833, Chemung Canal Trust Company is the oldest locally-owned and managed community bank in New York State. Chemung Financial Corporation is also the parent of CFS Group, Inc., a financial services subsidiary offering non-traditional services including mutual funds, annuities, brokerage services, tax preparation services and insurance, and Chemung Risk Management, Inc., a captive insurance company based in the State of Nevada.

This press release may be found at www.chemungcanal.com

Category: Financial

Source: Chemung Financial Corp

Contact:
Scott T. Heffner
Senior Vice President, Director of Marketing
(607) 737-3706
Stheffner@chemungcanal.com

FAQ

What is the dividend amount announced by Chemung Financial Corporation?

Chemung Financial Corporation announced a quarterly cash dividend of $0.31 per share.

When is the dividend payment date for Chemung Financial Corporation?

The dividend will be paid on July 1, 2022.

What is the record date for the dividend payment?

The record date for the dividend payment is June 17, 2022.

How large is Chemung Financial Corporation?

Chemung Financial Corporation is a $2.5 billion financial services holding company.

What services does Chemung Financial Corporation provide?

Chemung Financial Corporation offers a range of services through its subsidiaries, including banking, mutual funds, annuities, and insurance.