Chemung Financial Corporation's Boost in Quarterly Dividend

Author: Logan Wright Updated: 08-19-2025 04:19 PM

Chemung Financial Corporation Boosts Dividend for Shareholders

Chemung Financial Corporation, a notable financial services holding entity, has made an exciting announcement about increasing its quarterly dividend. This move reflects the company's commitment to rewarding its shareholders and enhancing investor confidence.

Details of the Dividend Increase

The Board of Directors has confirmed a dividend increase of $0.02 per share, raising the total quarterly cash dividend to $0.34 per common share. This dividend will be paid on October 1 to shareholders who are on record as of the close of business on September 17.

CEO Statement on the Growth

"We are pleased to announce that for the second time this year, the Corporation has decided to raise its quarterly dividend. The $0.02 increase signifies a 6.3% rise from the previous dividend, representing a total cumulative increase of $0.03 per share, or 9.7% for the year," shared Anders M. Tomson, the President and CEO of Chemung Financial Corporation.

About Chemung Financial Corporation

Chemung Financial Corporation operates as a significant player in the financial services industry with a portfolio valued at approximately $2.9 billion. Headquartered in Elmira, the corporation runs 30 offices through its primary subsidiary, Chemung Canal Trust Company, which is a fully-equipped community bank offering comprehensive banking and trust services.

A Rich History

Established in 1833, Chemung Canal Trust Company stands as New York State's oldest locally-owned and managed community bank. It has a long legacy of excellent service, rooted in community-based values, which align closely with Chemung Financial Corporation's mission.

Diverse Financial Services Offerings

In addition to traditional banking services, Chemung Financial Corporation is the parent company of CFS Group, Inc. This subsidiary offers various financial products and services, including mutual funds, annuities, brokerage services, tax preparation, and insurance. This diversification plays a crucial role in enhancing customer satisfaction and expanding the corporation's market reach.

Strategic Goals and Future Outlook

The company is focused on growing its bottom line while delivering value to its shareholders. The recent dividend increase is part of a broader strategy aimed at ensuring consistent performance and gaining competitive advantages across their financial offerings. Investors can expect a reinforced commitment to shareholder returns, reinforcing their trust in Chemung Financial's management.

Frequently Asked Questions

What is the new dividend amount announced by Chemung Financial Corporation?

The Board has approved an increase to the quarterly dividend, bringing it to $0.34 per share, up by $0.02.

When will the dividend be paid to shareholders?

The dividend is scheduled to be paid on October 1 to investors on record as of September 17.

Who provided the statement regarding the dividend increase?

Anders M. Tomson, the President and CEO of Chemung Financial Corporation, shared insights regarding the dividend increase.

What other services does Chemung Financial Corporation offer?

In addition to traditional banking, Chemung Financial also provides mutual funds, annuities, brokerage services, tax preparation, and insurance through its subsidiary, CFS Group, Inc.

What is the significance of this dividend increase?

This increase reflects the corporation's strong financial position and commitment to returning value to its shareholders.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

Contact Logan Wright privately here. Or send an email with ATTN: Logan Wright as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.