ELMIRA — Chemung Financial Corporation (NASDAQ: CHMG), parent company of Chemung Canal Trust Company, recently paid investors a quarterly cash dividend of 34 cents per share for the fourth quarter. Common-stock shareholders of record as of the close of business on Dec. 19, received the payment on Jan. 2. At the banking company’s current stock […]
ELMIRA — Chemung Financial Corporation (NASDAQ: CHMG), parent company of Chemung Canal Trust Company, recently paid investors a quarterly cash dividend of 34 cents per share for the fourth quarter.
Common-stock shareholders of record as of the close of business on Dec. 19, received the payment on Jan. 2. At the banking company’s current stock price, the dividend yields between 2.4 percent and 2.5 percent.
Chemung Financial is a $2.7 billion financial-services holding company headquartered in Elmira. It operates 30 retail branches through Chemung Canal Trust Company, a full-service community bank with trust powers. Established in 1833, Chemung Canal Trust says it the oldest locally owned and managed community bank in New York state. Chemung Financial’s CFS Group, Inc. financial-services subsidiary offers non-traditional services including mutual funds, annuities, brokerage services, tax-preparation services, and insurance.
Chemung Financial reported net income of $7.8 million in the third quarter — its most recent reporting period. That was up 37 percent from $5.7 million in the year-ago quarter as its balance sheet and margins improved.
