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.
The banking company will pay the dividend on Oct. 2 to common stock shareholders of record as of the close of business on Sept. 18, according to a Chemung Financial news release.
At its current stock price, the dividend yields about 2.6 percent on an annual basis.
(Sponsored)
It’s Time for Your Business to Think About Year-End Tax Planning
As the year-end approaches, it’s time to take proactive steps to help lower your business’s taxes for 2024 and beyond. Deferring income and accelerating deductions to minimize taxes can be
In a World of Complex Cyber Threats, Small Fixes Still Work
Cybersecurity headlines seem to get scarier by the week. Ransomware brings international airports to a standstill. Artificial intelligence is being used to supercharge phishing campaigns and discover new vulnerabilities. Nation-states
Chemung Financial is a $1.7 billion financial-services holding company, headquartered in Elmira, which operates 33 branches through its main subsidiary, Chemung Canal Trust Company. Started in 1833, Chemung Canal Trust says it is the oldest locally owned and managed community bank in New York state.
Chemung Canal Trust ranks ninth in deposit market share in the 16-county Central New York area, according to the latest FDIC data. It has 20 branches, with more than $950 million in deposits, in the region.
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. It also has an insurance company subsidiary called Chemung Risk Management, Inc., which is based in Nevada.
Contact the Business Journal News Network at news@cnybj.com
