Chemung Financial Corporation Announces Quarterly Dividend

Rhea-AI Summary

Chemung Financial (Nasdaq: CHMG) has declared a quarterly cash dividend of $0.31 per share. This dividend will be payable on July 1, 2024, to shareholders of record by June 17, 2024. Chemung Financial , headquartered in Elmira, New York, is a $2.8 billion financial services holding company. It operates 31 offices through its main subsidiary, Chemung Canal Trust Company, which is the oldest community bank in New York State. The also owns CFS Group, offering various financial services such as mutual funds, annuities, and tax preparation.

Positive

• Quarterly cash dividend of $0.31 per share announced.
• Dividend payable on July 1, 2024, providing a return to shareholders.
• Chemung Financial manages assets worth $2.8 billion.
• Operates 31 offices, enhancing its community reach.
• Established in 1833, Chemung Canal Trust Company is the oldest community bank in New York State.
• Parent of CFS Group, offering diverse financial services including mutual funds, annuities, and brokerage services.

Negative

• Dividend only benefits shareholders of record as of June 17, 2024.

ELMIRA, N.Y., May 21, 2024 (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, 2024, to common stock shareholders of record as of the close of business on June 17, 2024.

Chemung Financial Corporation is a $2.8 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.

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 announced by Chemung Financial for 2024?

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

When is the dividend payout date for CHMG?

The dividend payout date for CHMG is July 1, 2024.

What is the record date for Chemung Financial 's dividend?

The record date for Chemung Financial 's dividend is June 17, 2024.

How many offices does Chemung Financial operate?

Chemung Financial operates 31 offices.

What services does CFS Group, a subsidiary of Chemung Financial , offer?

CFS Group offers services such as mutual funds, annuities, brokerage services, and tax preparation.

How old is Chemung Canal Trust Company?

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