Chemung Financial Corporation Announces Quarterly Dividend

Rhea-AI Summary

Chemung Financial (Nasdaq: CHMG) has declared a quarterly cash dividend of $0.31 per share, payable on January 2, 2025, to shareholders of record as of December 19, 2024. The company, with $2.8 billion in assets, operates through its main subsidiary Chemung Canal Trust Company, managing 31 offices. Founded in 1833, it is New York State's oldest locally-owned community bank. The also owns CFS Group, providing additional services including mutual funds, annuities, brokerage, tax preparation, and insurance.

Positive

• Maintains consistent dividend payment of $0.31 per share
• Strong asset base of $2.8 billion
• Extensive network of 31 office locations
• Diversified revenue streams through CFS Group subsidiary

Negative

• None.

News Market Reaction – CHMG

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-1.09% Session move

In the trading session that priced this news, CHMG declined 1.09%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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ELMIRA, N.Y., Nov. 19, 2024 (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 2, 2025, to common stock shareholders of record as of the close of business on December 19, 2024.

Chemung Financial Corporation is a $2.8 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.

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 Chemung Financial 's (CHMG) dividend amount for Q4 2024?

Chemung Financial 's dividend for Q4 2024 is $0.31 per share.

When is CHMG's next dividend payment date?

The next dividend payment date is January 2, 2025.

What is the record date for CHMG's latest dividend?

The record date for the dividend is December 19, 2024.

How many offices does Chemung Financial operate?

Chemung Financial operates 31 offices through its subsidiary, Chemung Canal Trust Company.