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 Jan. 2, to common-stock shareholders of record as of the close of business on Dec. 19. At Chemung Financial’s current stock […]
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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 Jan. 2, to common-stock shareholders of record as of the close of business on Dec. 19.
At Chemung Financial’s current stock price, the dividend yields about 2.4 percent on an annual basis.
Through the first nine months of this year, Chemung Financial generated nearly $66 million in revenue, up almost 11 percent from the year-earlier period.
Chemung Financial is a nearly $1.8 billion financial services holding company, headquartered in Elmira, which operates 35 bank branches 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 is 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; as well as Chemung Risk Management, Inc., an insurance company based in Nevada.