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Chemung Financial to pay Q4 dividend of 31 cents in early January

(ADAM ROMBEL/CNYBJ FILE PHOTO)

ELMIRA, N.Y. — Chemung Financial Corp. (NASDAQ: CHMG) recently announced that its board of directors has approved a quarterly cash dividend of 31 cents a share of its common stock. The banking company will pay the dividend on Jan. 2, to shareholders of record as of the close of business on Dec. 19. At Chemung […]

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

The banking company will pay the dividend on Jan. 2, to shareholders of record as of the close of business on Dec. 19.

At Chemung Financial’s current stock price, the payment yields about 2.7 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. 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 services 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