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, set to be paid on April 3, 2023. Shareholders on record as of March 20, 2023 will receive this dividend. The company, based in Elmira, New York, is valued at $2.6 billion and operates through its principal subsidiary, Chemung Canal Trust Company, the oldest locally-owned community bank in New York. With a history dating back to 1833, it also has subsidiaries like CFS Group, Inc. and Chemung Risk Management, Inc..

Positive

• Quarterly cash dividend of $0.31 per share signals strong financial performance.
• Upcoming payment date of April 3, 2023, provides income for shareholders.
• Company's market capitalization of $2.6 billion indicates stability and growth potential.

Negative

• None.

ELMIRA, N.Y., Feb. 15, 2023 (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 April 3, 2023 to common stock shareholders of record as of the close of business on March 20, 2023.

Chemung Financial Corporation is a $2.6 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 CHMG?

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

When will the dividend for CHMG be paid?

The dividend will be paid on April 3, 2023.

What is the record date for the CHMG dividend?

The record date for the dividend is March 20, 2023.

What is the market capitalization of Chemung Financial Corporation?

Chemung Financial Corporation has a market capitalization of $2.6 billion.

When was Chemung Canal Trust Company established?

Chemung Canal Trust Company was established in 1833, making it the oldest locally-owned community bank in New York.