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Chemung Financial Corporation Announces Dividend Increase

1. CHMG announces a 3.2% increase in its quarterly dividend to $0.32. 2. The dividend increase reflects strong financial performance, enhancing shareholder value. 3. Dividends are payable on April 1, 2025, for records by March 18, 2025. 4. CHMG operates 30 offices and has a significant market presence. 5. Historical performance supports dividend growth as a positive indicator.

Dividend Change
-0.35%Current Return
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-0.39%S&P 500
$51.7302/19 04:20 PM EDTEvent Start
$51.5502/20 10:59 PM EDTLatest Updated
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FAQ

Why Bullish?

Dividend increases typically indicate strong financial health, positively influencing investor sentiment. Similar past increases have led to moderate price gains in CHMG's stock.

How important is it?

Dividend announcements are significant to investors, indicating company strength, thus affecting stock price. High relevance given CHMG's direct involvement in this decision.

Why Short Term?

The upcoming dividend payment and immediate financial performance are pertinent to short-term price action. Investors may react quickly to the announced increase.

Related Companies

CHMGCFS Group, Inc.
February 19, 2025 16:15 ET  | Source: Chemung Financial Corp ELMIRA, N.Y., Feb. 19, 2025 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (Nasdaq: CHMG) announced today that its Board of Directors has approved a dividend increase of $0.01 per share, equal to a quarterly cash dividend of $0.32 per share, payable on April 1, 2025, to common stock shareholders of record as of the close of business on March 18, 2025. This represents a dividend increase of 3.2%. “As a result of our Corporation’s strong financial performance, we are pleased to reward our shareholders with an increase to the quarterly dividend,” stated Anders M. Tomson, President and CEO of Chemung Financial Corporation.  Chemung Financial Corporation is a $2.8 billion financial services holding company headquartered in Elmira, New York and operates 30 offices through its principal subsidiary, Chemung Canal Trust Company, a full-service community bank with full trust powers. Established in 1833, Chemung Canal Trust Company is the oldest locally-owned and managed community bank in New York State. Chemung Financial Corporation is also the parent of CFS Group, Inc., a financial services subsidiary offering non-traditional services including mutual funds, annuities, brokerage services, tax preparation services and insurance. This press release may be found at www.chemungcanal.com Category: Financial Source: Chemung Financial Corp Contact:Scott T. HeffnerSenior Vice President, Director of Marketing (607) 737-3706Stheffner@chemungcanal.com

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