Chemung Financial Corporation Announces Quarterly Dividend
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.
11/15/2023 - 04:10 PM
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.
This press release may be found at www.chemungcanal.com
Category: Financial
Source: Chemung Financial Corp
Contact: Scott T. HeffnerStheffner@chemungcanal.com
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.
CHMG Rankings
#2447 Ranked by Stock Gains
CHMG Stock Data
Industry
Commercial Banking
Sector
Finance and Insurance
Tags
Finance, Regional Banks, Finance and Insurance, Commercial Banking
Country
United States
City
Elmira
About CHMG
chemung canal trust company is an independent community bank, which has served the financial needs of businesses and individuals for over 180 years. we trace our roots to the opening of our namesake, the chemung canal, in 1833. today, we operate 34 branch offices in 11 new york state counties and one pennsylvania county. most important, we remain steadfast to our community banking philosophy and business model, which means we build long-term relationships with our clients and play a vital role in the communities we serve. deposits gathered locally are channeled back into our local communities in the form of loans to businesses, individuals, organizations and other enterprises. decisions are made locally, not in some far-off distant city.
