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Chemung Financial to pay Q3 dividend of 31 cents in early October

The Station branch of Chemung Canal Trust Company at 806 W. Buffalo St. in Ithaca. (ADAM ROMBEL/CNYBJ FILE PHOTO)

ELMIRA, N.Y. — Chemung Financial Corp. (NASDAQ: CHMG) announced that its board of directors has approved a quarterly cash dividend of 31 cents per share of its common stock. The banking company will pay the dividend on Oct. 2, to shareholders of record as of the close of business on Sept. 18. At Chemung Financial’s […]

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ELMIRA, N.Y. — Chemung Financial Corp. (NASDAQ: CHMG) announced that its board of directors has approved a quarterly cash dividend of 31 cents per share of its common stock.

The banking company will pay the dividend on Oct. 2, to shareholders of record as of the close of business on Sept. 18.

At Chemung Financial’s current stock price, the payment yields about 3 percent on an annual basis.

Chemung Financial is a $2.7 billion financial-services holding company headquartered in Elmira and operates 31 offices through its principal subsidiary, Chemung Canal Trust Company, a full-service community bank with full trust powers.

The company operates 31 offices through its main subsidiary, Chemung Canal Trust Company, a full-service community bank with full trust powers. Founded 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 non-traditional ser vices including 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