ELMIRA — Chemung Financial Corp. (NASDAQ: CHMG) announced today that its board of directors has approved a quarterly cash dividend of 26 cents a share.
The dividend is payable on Jan. 2, 2014, to common stock shareholders of record as of the close of business on Dec. 19, 2013
It’s the same amount that Chemung Financial paid out each of the last three quarters, but up from the 25 cents a share that the company paid shareholders in the year-ago quarter.
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Chemung Financial is a $1.3 billion financial-services holding company headquartered in Elmira, which operates 28 retail offices 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’s 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.
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