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Chemung Financial (CHMG) boosts dividend 16% since 2025

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Chemung Financial Corporation (CHMG) reported that its Board of Directors approved an increase in the quarterly cash dividend. The dividend rose by $0.02 per share to $0.36 per share, payable on October 1, 2026, to common shareholders of record on September 17, 2026.

The company noted this raise is a 5.9% increase over the prior quarterly dividend and brings total increases since the beginning of 2025 to $0.05 per share, or 16.1%. Chemung Financial is a $2.8 billion financial services holding company headquartered in Elmira, New York, operating 30 offices through its principal subsidiary, Chemung Canal Trust Company.

Positive

  • Board approved a $0.02 per share increase, lifting the quarterly dividend to $0.36 per share.
  • Dividend raise represents a 5.9% increase over the prior quarterly dividend.
  • Total dividend increases since early 2025 now total $0.05 per share, or 16.1%, signaling sustained payout growth.
  • Chemung Financial is a $2.8 billion financial services holding company with 30 offices, indicating a meaningful community banking footprint.

Negative

  • None.

Insights

Analyzing...

Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
New quarterly dividend $0.36 per share Quarterly cash dividend declared, payable October 1, 2026
Dividend increase amount $0.02 per share Increase over prior quarterly dividend approved August 19, 2026
Dividend increase percentage 5.9% Increase over the prior quarterly dividend
Total dividend increase since 2025 $0.05 per share Cumulative raises since the beginning of 2025
Cumulative increase percentage since 2025 16.1% Total dividend increase since the beginning of 2025
Company asset size $2.8 billion Financial services holding company size
Offices operated 30 offices Branch footprint of Chemung Canal Trust Company
Dividend payment date October 1, 2026 Payment date for the $0.36 quarterly dividend
quarterly cash dividend financial
"raising its quarterly cash dividend to $0.36 per share"
A quarterly cash dividend is a payment made by a company to its shareholders four times a year, usually based on its profits. It is like a regular bonus or reward for owning the company's stock, providing shareholders with income. Many investors see these payments as a sign of the company's stability and its ability to generate consistent profits.
shareholders of record financial
"to common stock shareholders of record as of the close"
Shareholders of record are the people officially listed as owners of a company's stock on a specific date. This matters because only these shareholders are entitled to receive dividends or vote at company meetings. It's like being on the official guest list for a party—you get to enjoy the perks and have a say.
financial services holding company financial
"Chemung Financial Corporation is a $2.8 billion financial services holding company"
full trust powers financial
"Chemung Canal Trust Company, a full-service community bank with full trust powers"

FAQ

What dividend did Chemung Financial Corporation (CHMG) declare in this 8-K?
Chemung Financial Corporation declared a quarterly cash dividend of $0.36 per share. The payment reflects a $0.02 increase from the prior quarter, highlighting ongoing growth in shareholder cash returns since the beginning of 2025.

When will Chemung Financial Corporation (CHMG) pay the new dividend and what is the record date?
The $0.36 per share dividend will be paid on October 1, 2026. Shareholders must be on record as of the close of business on September 17, 2026 to receive this dividend payment.

By how much and what percentage did CHMG increase its quarterly dividend?
The quarterly dividend was increased by $0.02 per share, a 5.9% rise over the prior quarterly dividend. This change reflects a continued pattern of dividend growth since the start of 2025.

How much has Chemung Financial Corporation (CHMG) raised its dividend since early 2025?
Since the beginning of 2025, Chemung Financial Corporation has increased its quarterly dividend by a total of $0.05 per share, which represents a cumulative increase of 16.1% over that period.

What is the size and footprint of Chemung Financial Corporation (CHMG)?
Chemung Financial Corporation is a $2.8 billion financial services holding company. It operates 30 offices through its principal subsidiary, Chemung Canal Trust Company, a community bank with full trust powers headquartered in Elmira, New York.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________________

FORM 8-K

_________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  August 19, 2026 (August 19, 2026)

_______________________________

CHEMUNG FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

_______________________________

New York001-3574116-1237038
(State or Other Jurisdiction of Incorporation)(Commission File Number)(I.R.S. Employer Identification No.)

One Chemung Canal Plaza

Elmira, New York 14901

(Address of Principal Executive Offices) (Zip Code)

(607) 737-3711

(Registrant's telephone number, including area code)

 

(Former name or former address, if changed since last report)

_______________________________

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock, par value $0.01 per shareCHMGThe Nasdaq Stock Market LLC

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 
 
Item 8.01. Other Events.

 

On August 19, 2026, Chemung Financial Corporation (Nasdaq: CHMG) issued a press release announcing an increase in its quarterly dividend of $0.02 per share, and the declaration of a cash dividend of $0.36 per share, payable October 1, 2026, to common stock shareholders of record as of the close of business on September 17, 2026.

 

A copy of the press release is attached as Exhibit 99.1 to this report.

 

Item 9.01. Financial Statements and Exhibits.

 

(d)       Exhibits

 

Exhibit No.  
99.1 Press Release of Chemung Financial Corporation dated August 19, 2026.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 CHEMUNG FINANCIAL CORPORATION
   
  
Date: August 19, 2026By: /s/ Dale M. McKim III        
  Dale M. McKim III
  Chief Financial Officer and Treasurer
  

 

EXHIBIT 99.1

Chemung Financial Corporation Announces Dividend Increase

ELMIRA, N.Y., Aug. 19, 2026 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (Nasdaq: CHMG) announced today that its Board of Directors has approved a dividend increase of $0.02 per share, raising its quarterly cash dividend to $0.36 per share, payable on October 1, 2026, to common stock shareholders of record as of the close of business on September 17, 2026.

“We are pleased to announce the Corporation’s decision to raise its quarterly dividend by $0.02 per share. The raise represents a 5.9% increase over the prior quarterly dividend and brings total increases since the beginning of 2025 to $0.05 per share, or 16.1%,” said Anders M. Tomson, President and CEO of Chemung Financial Corporation.

Chemung Financial Corporation is a $2.8 billion financial services holding company headquartered in Elmira, New York and operates 30 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

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

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Press Releases

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