ELMIRA, N.Y. — Chemung Financial Corp. (NASDAQ: CHMG) announced Monday that its board of directors has approved a quarterly cash dividend of 26 cents a share.
The dividend is payable on Jan. 2, to common-stock shareholders of record as of the close of business on Dec. 19.
At its current stock price, the banking company’s dividend yield is 3.7 percent.
It’s the same dividend amount that Chemung Financial paid in each of the last seven quarters.
Chemung Financial is a $1.5 billion financial-services holding company headquartered in Elmira. It operates 34 branches through its principal subsidiary, Chemung Canal Trust Company, a full-service community bank with full trust powers.
Established in 1833, Chemung Canal Trust is the oldest locally owned and managed community bank in New York state, the bank says. Chemung Financial 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. CFS Group was founded in 2001.
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