Chemung Financial Corporation Announces Quarterly Dividend

Rhea-AI Summary

Chemung Financial Corporation (Nasdaq: CHMG) has announced a quarterly cash dividend of $0.31 per share, scheduled for payment on October 3, 2022. Shareholders of record as of September 19, 2022 will receive this dividend. The company, headquartered in Elmira, New York, manages assets totaling $2.5 billion and operates 31 offices through its subsidiary, Chemung Canal Trust Company. This bank, established in 1833, is the oldest locally-owned community bank in New York State.

Positive

• Quarterly cash dividend of $0.31 per share announced.
• Total assets of $2.5 billion indicate financial stability.
• Oldest locally-owned community bank in New York State, enhancing local trust.

Negative

• None.

News Market Reaction – CHMG

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-0.06% News Effect

On the day this news was published, CHMG declined 0.06%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

ELMIRA, N.Y., Aug. 17, 2022 (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 October 3, 2022 to common stock shareholders of record as of the close of business on September 19, 2022.

Chemung Financial Corporation is a $2.5 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 for CHMG?

The dividend amount for Chemung Financial Corporation (CHMG) is $0.31 per share.

When is the payment date for the CHMG dividend?

The payment date for the CHMG dividend is October 3, 2022.

What is the record date for CHMG shareholders to receive dividends?

The record date for CHMG shareholders to receive dividends is September 19, 2022.

How often does Chemung Financial Corporation pay dividends?

Chemung Financial Corporation typically pays dividends quarterly.