Chemung Financial Corporation Announces Quarterly Dividend

Rhea-AI Summary

Chemung Financial Corporation (Nasdaq: CHMG) has declared a quarterly cash dividend of $0.31 per share, scheduled for payment on January 3, 2023. This dividend will be issued to shareholders on record as of the close of business on December 20, 2022. The company, with total assets of approximately $2.6 billion, operates through 31 offices and is recognized as the oldest locally-managed community bank in New York State, established in 1833. It also includes subsidiaries like CFS Group, Inc. and Chemung Risk Management, Inc.

Positive

• Quarterly cash dividend of $0.31 per share enhances shareholder income.
• Established history and commitment to local banking since 1833.

Negative

• None.

News Market Reaction

+0.04%

1 alert

+0.04% News Effect

On the day this news was published, CHMG gained 0.04%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

ELMIRA, N.Y., Nov. 16, 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 January 3, 2023 to common stock shareholders of record as of the close of business on December 20, 2022.

Chemung Financial Corporation is a $2.6 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

Contact:
Scott T. Heffner
Senior Vice President, Director of Marketing
(607) 737-3706
Stheffner@chemungcanal.com

Category: Financial

Source: Chemung Financial Corp

 

FAQ

What is the amount of the dividend announced by Chemung Financial Corporation (CHMG)?

The announced dividend is $0.31 per share.

When will the dividend for Chemung Financial Corporation be paid?

The dividend will be paid on January 3, 2023.

What is the record date for the dividend of Chemung Financial Corporation (CHMG)?

The record date for the dividend is December 20, 2022.

How long has Chemung Financial Corporation been operating?

Chemung Financial Corporation has been operating since 1833.