Chemung Financial to pay quarterly dividend of 26 cents on July 1

ELMIRA — Chemung Financial Corp. (NASDAQ: CHMG) recently announced that its board of directors has approved a quarterly cash dividend of 26 cents a share. 

The dividend is payable on July 1 to common stock shareholders of record as of the close of business on June 17.

At the banking company’s current stock price, the dividend yields about 3.95 percent annually.

Elmira–based Chemung Financial is a $1.8 billion financial services holding company that operates 32 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.