Chemung Financial Corporation Announces Quarterly Dividend
Rhea-AI Summary
Chemung Financial (Nasdaq: CHMG) has announced a quarterly cash dividend of $0.31 per share, payable on October 1, 2024, to common stock shareholders of record as of September 19, 2024. The company, a $2.8 billion financial services holding company, operates through its principal subsidiary, Chemung Canal Trust Company, the oldest locally-owned and managed community bank in New York State.
Established in 1833, Chemung Canal Trust Company is a full-service community bank with full trust powers. The also owns CFS Group, Inc., which offers non-traditional financial services including mutual funds, annuities, brokerage services, tax preparation, and insurance.
Positive
- Consistent dividend payment indicates financial stability
- Diverse financial services portfolio through CFS Group, Inc.
- $2.8 billion in assets demonstrates significant market presence
Negative
- None.
News Market Reaction – CHMG
In the trading session that priced this news, CHMG declined 0.02%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ELMIRA, N.Y., Aug. 21, 2024 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (Nasdaq: CHMG) announced today that its Board of Directors has approved a quarterly cash dividend of
Chemung Financial Corporation is a
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
