Chemung Financial Corporation Announces Quarterly Dividend

Rhea-AI Summary

Chemung Financial Corporation (Nasdaq: CHMG) has declared a quarterly cash dividend of $0.32 per share, payable on July 1, 2025, to shareholders of record as of June 17, 2025. The company, with a market capitalization of $2.8 billion, operates through its main subsidiary, Chemung Canal Trust Company, which manages 30 offices and holds the distinction of being New York State's oldest locally-owned and managed community bank, established in 1833. The corporation also owns CFS Group, Inc., which provides additional financial services including mutual funds, annuities, brokerage services, tax preparation, and insurance.

Positive

• Consistent dividend payment demonstrates financial stability
• Strong market presence with $2.8 billion in assets
• Diversified revenue streams through traditional banking and non-traditional financial services

Negative

• None.

News Market Reaction – CHMG

-0.64%

1 alert

-0.64% News Effect

On the day this news was published, CHMG declined 0.64%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

ELMIRA, N.Y., May 22, 2025 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (Nasdaq: CHMG) announced today that its Board of Directors has approved a quarterly cash dividend of $0.32 per share, payable on July 1, 2025, to common stock shareholders of record as of the close of business on June 17, 2025.

Chemung Financial Corporation is a $2.8 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

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 Chemung Financial Corporation (CHMG) in Q2 2025?

Chemung Financial Corporation (CHMG) declared a quarterly cash dividend of $0.32 per share for Q2 2025.

When is the dividend payment date for CHMG's Q2 2025 dividend?

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

What is the total asset size of Chemung Financial Corporation?

Chemung Financial Corporation is a $2.8 billion financial services holding company.

How many branch offices does Chemung Canal Trust Company operate?

Chemung Canal Trust Company operates 30 offices as the principal subsidiary of Chemung Financial Corporation.

What additional services does CFS Group, Inc. offer as part of Chemung Financial?

CFS Group, Inc. offers non-traditional financial services including mutual funds, annuities, brokerage services, tax preparation services, and insurance.