Chemung Financial Corporation Announces Quarterly Dividend

(Neutral)

Rhea-AI Summary

Chemung Financial Corporation (Nasdaq: CHMG) has declared a quarterly cash dividend of $0.31 per share, set to be paid on October 1, 2021. Shareholders on record as of the close of business on September 17, 2021 will receive this dividend. The company, with assets of $2.5 billion, operates through Chemung Canal Trust Company, the oldest community bank in New York State, and is involved in various financial services, including mutual funds and insurance.

Positive

Quarterly cash dividend of $0.31 per share boosts shareholder income.
Stable financial position with $2.5 billion in assets.

Negative

None.

News Market Reaction – CHMG

+1.81%

+1.81% Session move

In the trading session that priced this news, CHMG gained 1.81%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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08/20/2021 - 04:15 PM

ELMIRA, N.Y., Aug. 20, 2021 (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 1, 2021 to common stock shareholders of record as of the close of business on September 17, 2021.

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
Vice President, Director of Marketing
(607) 737-3706
Stheffner@chemungcanal.com

FAQ

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

The dividend amount is $0.31 per share.

When will the dividend for CHMG be paid?

The dividend will be paid on October 1, 2021.

What is the record date for the CHMG dividend?

The record date is September 17, 2021.

How does the dividend of CHMG affect shareholders?

The dividend provides income to shareholders, reflecting company stability.