ELMIRA — Chemung Financial Corp. (NASDAQ: CHMG) announced that its board of directors has approved a quarterly cash dividend of 26 cents a share.
The dividend is payable on April 1 to common stock shareholders of record as of the close of business on March 17.
It’s the same amount that Chemung Financial paid out in each of the previous four quarters. At the company’s current stock price, the dividend amounts to about a 3.6 percent annual yield.
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Chemung Financial is a $1.5 billion financial-services holding company headquartered in Elmira, which operates 34 retail offices through its main subsidiary, Chemung Canal Trust Company, a full-service community bank with full trust powers. Established in 1833, Chemung Canal Trust says it’s the oldest, locally owned and managed community bank in New York state.
Chemung Financial is also the parent of CFS Group, Inc., a financial-services subsidiary offering mutual funds, annuities, brokerage services, tax-preparation services, and insurance.
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