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 April 1, 2022. Shareholders recorded as of the close on March 18, 2022, will be eligible for this dividend. The company, which operates as a financial services holding entity with a valuation of $2.4 billion, is headquartered in Elmira, New York, and runs 31 offices through its main subsidiary, Chemung Canal Trust Company, established in 1833.

Positive

• Quarterly cash dividend of $0.31 per share enhances shareholder income.
• Strong company foundation with $2.4 billion in assets.

Negative

• None.

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ELMIRA, N.Y., Feb. 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 April 1, 2022 to common stock shareholders of record as of the close of business on March 18, 2022.

Chemung Financial Corporation is a $2.4 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 Chemung Financial Corporation (CHMG)?

The dividend amount announced is $0.31 per share.

When will the dividend be paid to Chemung Financial Corporation (CHMG) shareholders?

The dividend will be paid on April 1, 2022.

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

The record date for the dividend is March 18, 2022.