Categories: Banks & Credit UnionsRegional NewsSubscriber Only

Chemung Financial to pay dividend of 26 cents on April 1

The Chemung Canal Trust Company headquarters building in Elmira. (PHOTO CREDIT: CHEMUNG CANAL TRUST FACEBOOK PROFILE)

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 for the first quarter. The dividend is payable on April 1, to common stock shareholders of record as of the close of business on March 18. At the banking […]

Already an Subcriber? Log in

Get Instant Access to This Article

Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.

Learn More and Become a Subscriber

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 for the first quarter.

The dividend is payable on April 1, to common stock shareholders of record as of the close of business on March 18.

At the banking company’s current stock price, the dividend yields about 2.9 percent annually.

Elmira–based Chemung Financial is a $2.3 billion financial-services holding company that operates 30 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

Jornal Staff