Chemung Financial Corporation Announces Dividend Increase

Rhea-AI Summary

Chemung Financial Corporation (Nasdaq: CHMG) has announced a dividend increase of $0.02 per share, bringing the quarterly cash dividend to $0.34 per share. The dividend will be payable on October 1, 2025, to shareholders of record as of September 17, 2025.

This marks the second dividend increase in 2025, representing a 6.3% increase over the previous quarterly dividend. The cumulative increases during 2025 total $0.03 per share, or 9.7%. The company, with $2.9 billion in assets, operates 30 offices through its subsidiary Chemung Canal Trust Company, established in 1833.

Positive

• Second dividend increase in 2025, showing strong financial position
• 6.3% increase in quarterly dividend to $0.34 per share
• Cumulative dividend increases of 9.7% during 2025
• Strong asset base of $2.9 billion

Negative

• None.

News Market Reaction

+1.58%

1 alert

+1.58% News Effect

On the day this news was published, CHMG gained 1.58%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

ELMIRA, N.Y., Aug. 19, 2025 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (Nasdaq: CHMG) announced today that its Board of Directors has approved a dividend increase of $0.02 per share, equal to a quarterly cash dividend of $0.34 per share, payable on October 1, 2025 to common stock shareholders of record as of the close of business on September 17, 2025.

“We are pleased to announce that for the second time during 2025 the Corporation has decided to raise its quarterly dividend. The $0.02 raise represents a 6.3% increase over the prior quarterly dividend and brings cumulative increases during 2025 to $0.03 per share, or 9.7%,” said Anders M. Tomson, President and CEO of Chemung Financial Corporation.

Chemung Financial Corporation is a $2.9 billion financial services holding company headquartered in Elmira, New York and operates 30 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.

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

Category: Financial

Source: Chemung Financial Corp

FAQ

What is the new dividend amount for Chemung Financial Corporation (CHMG)?

Chemung Financial announced a new quarterly dividend of $0.34 per share, representing a $0.02 increase from the previous dividend.

When will CHMG's new dividend be paid?

The dividend will be paid on October 1, 2025 to shareholders of record as of September 17, 2025.

How much has CHMG increased its dividend in 2025?

CHMG has increased its dividend twice in 2025, with cumulative increases totaling $0.03 per share, representing a 9.7% increase.

What is the percentage increase of CHMG's latest dividend raise?

The latest $0.02 dividend increase represents a 6.3% increase over the prior quarterly dividend.

How many locations does Chemung Financial Corporation operate?

Chemung Financial operates 30 offices through its principal subsidiary, Chemung Canal Trust Company.