ELMIRA, N.Y. — Chemung Financial Corp. (NASDAQ: CHMG) recently announced that its board of directors has approved a quarterly cash dividend of 26 cents a share.
The banking company will pay the dividend on Oct. 2 to common stock shareholders of record as of the close of business on Sept. 18, according to a Chemung Financial news release.
At its current stock price, the dividend yields about 2.6 percent on an annual basis.
(Sponsored)
Recent Court Decision Supports Requiring Employees to Be In the Workplace
A recent Federal Court decision confirmed that the Family Medical Leave Act (FMLA) does not require employers to allow employees to work remotely. In Kemp v. Regeneron Pharmaceuticals, Inc.,
Embracing CHange Across the Generations
CH Insurance, Your LOCAL Partner for Insurance, Risk Management & Group Benefits Massive shifts have transformed workplaces and the world, including the insurance industry. From the advent of AI and
Chemung Financial is a $1.7 billion financial-services holding company, headquartered in Elmira, which operates 33 branches through its main subsidiary, Chemung Canal Trust Company. Started in 1833, Chemung Canal Trust says it is the oldest locally owned and managed community bank in New York state.
Chemung Canal Trust ranks ninth in deposit market share in the 16-county Central New York area, according to the latest FDIC data. It has 20 branches, with more than $950 million in deposits, in the region.
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. It also has an insurance company subsidiary called Chemung Risk Management, Inc., which is based in Nevada.
Contact the Business Journal News Network at news@cnybj.com
