Chemung Financial Corporation Announces Dividend Increase
Chemung Financial Corporation, a $2.9 billion financial services holding company, announced a dividend increase of $0.02 per share, equal to a quarterly cash dividend of $0.34 per share, payable on October 1, 2025, to common stock shareholders of record as of the close of business on September 17, 2025. This marks the second dividend increase in 2025, representing a cumulative increase of $0.03 per share, or 9.7%. The dividend increase was approved by the Board of Directors and was announced by Anders M. Tomson, President and CEO of Chemung Financial Corporation.
Key Takeaways:
- Chemung Financial Corporation announced a dividend increase of $0.02 per share, equal to a quarterly cash dividend of $0.34 per share.
- The dividend increase is payable on October 1, 2025, to common stock shareholders of record as of the close of business on September 17, 2025.
- This marks the second dividend increase in 2025, representing a cumulative increase of $0.03 per share, or 9.7%.
- Chemung Financial Corporation is a $2.9 billion financial services holding company headquartered in Elmira, New York.
- The company operates 30 offices through its principal subsidiary, Chemung Canal Trust Company, a full-service community bank with full trust powers.
- Chemung Canal Trust Company is the oldest locally-owned and managed community bank in New York State.
- The parent company, Chemung Financial Corporation, also oversees CFS Group, Inc., a financial services subsidiary offering non-traditional services.
Statistics:
- Dividend increase: $0.02 per share
- Quarterly cash dividend: $0.34 per share
- Cumulative increase in 2025: $0.03 per share, representing a 9.7% increase
- Share price (Nasdaq: CHMG): not specified
- Total assets: $2.9 billion
- Number of offices: 30
- Type of bank: full-service community bank with full trust powers
Sources:
- Chemung Financial Corp.
- Globe Newswire
- COMTEX_468165755/2254/2025-08-19T20:20:45
- Cybernet Data Systems, Inc.