Chemung Financial Corporation Announces Quarterly Dividend

Rhea-AI Summary

Chemung Financial Corporation (Nasdaq: CHMG) has declared a quarterly cash dividend of $0.26 per share. This dividend is set to be paid on January 4, 2021, to shareholders on record as of the close of business on December 21, 2020. Headquartered in Elmira, New York, Chemung Financial Corporation is a $2.2 billion financial services holding company with a history dating back to 1833. It operates 32 retail offices through its bank subsidiary, Chemung Canal Trust Company, and offers non-traditional services through CFS Group, Inc.

Positive

• Quarterly cash dividend of $0.26 per share approved.
• Confidence and consistent returns for shareholders.
• Established history and stability as a financial entity since 1833.

Negative

• None.

News Market Reaction – CHMG

-5.50%

1 alert

-5.50% News Effect

On the day this news was published, CHMG declined 5.50%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

ELMIRA, N.Y., Nov. 19, 2020 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (Nasdaq: CHMG) announced today that its Board of Directors has approved a quarterly cash dividend of $0.26 per share, payable on January 4, 2021 to common stock shareholders of record as of the close of business on December 21, 2020.

Chemung Financial Corporation is a $2.2 billion financial services holding company headquartered in Elmira, New York and operates 32 retail 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
Vice President, Director of Marketing
(607) 737-3706
Stheffner@chemungcanal.com

FAQ

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

The declared dividend amount is $0.26 per share.

When will Chemung Financial Corporation (CHMG) pay its dividend?

The dividend will be paid on January 4, 2021.

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

The record date for the dividend is December 21, 2020.

How has Chemung Financial Corporation (CHMG) performed historically?

Chemung Financial has a long-standing history since 1833, indicating stability in the financial services sector.