ELMIRA, N.Y. — 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 18, according to a Chemung Financial news release.
At the banking company’s current stock price, the dividend yields about 3.9 percent on an annual basis.
(Sponsored)
Close the Skills Gap: Build Your Workforce with MACNY Registered Apprenticeship Program
In today’s competitive labor market, finding qualified candidates through traditional hiring methods has never been more challenging. As industries evolve and workforce demands shift, employers are facing a growing skills
Revitalizing a historic brand in New York State- JRECK Subs
Founded in Carthage, New York, in 1967, by 5 schoolteachers who started selling subs out of a converted school bus! JRECK Subs has built its reputation on quality, community, and
Chemung Financial is a $1.6 billion financial-services holding company, headquartered in Elmira, which operates 34 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 21 branches, with nearly $900 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.
Contact The Business Journal News Network at news@cnybj.com
