Chemung Financial Corporation announced a dividend increase of $0.02 per share.
The quarterly cash dividend will be $0.34 per share, payable on October 1, 2025.
This dividend increase marks a 6.3% raise over the previous quarterly dividend.
Dividend Increase
The Board approved a $0.02 raise per share, totaling a 6.3% increase over the prior quarterly dividend.
Cumulative Increases in 2025
The cumulative increases in 2025 amount to $0.03 per share, a 9.7% raise in total.
Company Overview
Chemung Financial Corporation is a $2.9 billion financial services holding company, headquartered in Elmira, New York.
- The dividend increase reflects the company's confidence in its financial standing and commitment to rewarding shareholders.
- Investors may view this announcement positively, considering the consistent dividend increases throughout 2025.
Chemung Financial Corporation's decision to raise its quarterly dividend demonstrates its financial strength and shareholder-friendly approach.