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Chemung Financial Corporation (CHMG) approves a quarterly cash dividend of $0.31 per share, payable on January 2, 2024, to common stock shareholders of record as of December 19, 2023. The company, a $2.7 billion financial services holding company, operates through its principal subsidiary, Chemung Canal Trust Company, and offers non-traditional services through its subsidiaries CFS Group, Inc. and Chemung Risk Management, Inc. Established in 1833, Chemung Canal Trust Company is the oldest locally-owned and managed community bank in New York State.
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ELMIRA, N.Y., Nov. 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 January 2, 2024 to common stock shareholders of record as of the close of business on December 19, 2023.
Chemung Financial Corporation is a $2.7 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.
Contact: Scott T. Heffner Senior Vice President, Director of Marketing (607) 737-3706 Stheffner@chemungcanal.com
FAQ
What is the dividend amount approved by Chemung Financial Corporation?
Chemung Financial Corporation has approved a quarterly cash dividend of $0.31 per share.
When will the dividend be payable to common stock shareholders?
The dividend will be payable on January 2, 2024.
What is the record date for the dividend?
The record date for the dividend is December 19, 2023.
What are the subsidiaries of Chemung Financial Corporation?
The company operates through its principal subsidiary, Chemung Canal Trust Company, and also has subsidiaries CFS Group, Inc. and Chemung Risk Management, Inc.
When was Chemung Canal Trust Company established?
Established in 1833, Chemung Canal Trust Company is the oldest locally-owned and managed community bank in New York State.
