Chemung Financial Corporation operates as the holding company for Chemung Canal Trust Company that provides a range of banking, financing, fiduciary, and other financial services. The company provides demand, savings, and time deposits; non-interest and interest-bearing checking accounts; and insured money market accounts. It also offers commercial and agricultural loans comprising loans to small to mid-sized businesses; commercial mortgage loans; residential mortgage loans; consumer loans, including home equity lines of credit and home equity term loans; and interest rate swaps, letters of credit, wealth management, employee benefit plans, mutual fund, insurance products, and brokerage services. Further, it provides securities, insurance, and tax preparation services. Additionally, it offers guardian, custodian, and trustee services, as well as acts as an agent for pension, profit-sharing, and other employee benefit trusts; and various investment, pension, estate planning, and employee benefit administrative services. The company operates 31 branch offices located in 13 counties in New York and Bradford County in Pennsylvania. Chemung Financial Corporation was founded in 1833 and is headquartered in Elmira, New York.
Chemung Financial Dividend Announcement
• Chemung Financial announced a quarterly dividend of $0.31 per ordinary share which will be made payable on 2025-01-02. Ex dividend date: 2024-12-19
• Chemung Financial annual dividend for 2024 was $1.24
• Chemung Financial annual dividend for 2023 was $1.24
• Chemung Financial's trailing twelve-month (TTM) dividend yield is 2.27%
• Chemung Financial's payout ratio for the trailing twelve months (TTM) is 34.11%
• Chemung Financial's dividend growth over the last five years (2018-2023) was 3.58% year
• Chemung Financial's dividend growth over the last ten years (2013-2023) was 1.77% year
Chemung Financial Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-19 | $0.31 | quarterly | 2025-01-02 |
2024-09-19 | $0.31 | quarterly | 2024-10-01 |
2024-06-17 | $0.31 | quarterly | 2024-07-01 |
2024-03-15 | $0.31 | quarterly | 2024-04-01 |
2023-12-18 | $0.31 | quarterly | 2024-01-02 |
2023-09-15 | $0.31 | quarterly | 2023-10-02 |
2023-06-16 | $0.31 | quarterly | 2023-07-03 |
2023-03-17 | $0.31 | quarterly | 2023-04-03 |
2022-12-19 | $0.31 | quarterly | 2023-01-03 |
2022-09-16 | $0.31 | quarterly | 2022-10-03 |
2022-06-16 | $0.31 | quarterly | 2022-07-01 |
2022-03-17 | $0.31 | quarterly | 2022-04-01 |
2021-12-17 | $0.31 | quarterly | 2022-01-03 |
2021-09-16 | $0.31 | quarterly | 2021-10-01 |
2021-06-16 | $0.31 | quarterly | 2021-07-01 |
2021-03-17 | $0.26 | quarterly | 2021-04-01 |
2020-12-18 | $0.26 | quarterly | 2021-01-04 |
2020-09-16 | $0.26 | quarterly | 2020-10-01 |
2020-06-16 | $0.26 | quarterly | 2020-07-01 |
2020-03-17 | $0.26 | quarterly | 2020-04-01 |
2019-12-20 | $0.26 | quarterly | 2020-01-02 |
2019-09-16 | $0.26 | quarterly | 2019-10-01 |
2019-06-14 | $0.26 | quarterly | 2019-07-01 |
2019-03-15 | $0.26 | quarterly | 2019-04-01 |
2018-12-18 | $0.26 | quarterly | 2019-01-02 |
2018-09-14 | $0.26 | quarterly | 2018-10-01 |
2018-06-15 | $0.26 | quarterly | 2018-07-02 |
2018-03-16 | $0.26 | quarterly | 2018-04-02 |
2017-12-18 | $0.26 | quarterly | 2018-01-02 |
2017-09-15 | $0.26 | quarterly | 2017-10-02 |
2017-06-15 | $0.26 | quarterly | 2017-07-03 |
2017-03-16 | $0.26 | quarterly | 2017-04-03 |
2016-12-16 | $0.26 | quarterly | 2017-01-03 |
2016-09-15 | $0.26 | quarterly | 2016-10-03 |
2016-06-15 | $0.26 | quarterly | 2016-07-01 |
2016-03-16 | $0.26 | quarterly | 2016-04-01 |
2015-12-16 | $0.26 | quarterly | 2016-01-04 |
2015-09-15 | $0.26 | quarterly | 2015-10-01 |
2015-06-15 | $0.26 | quarterly | 2015-07-01 |
2015-03-13 | $0.26 | quarterly | 2015-04-01 |
2014-12-17 | $0.26 | quarterly | 2015-01-02 |
2014-09-15 | $0.26 | quarterly | 2014-10-01 |
2014-06-13 | $0.26 | quarterly | 2014-07-01 |
2014-03-13 | $0.26 | quarterly | 2014-04-01 |
2013-12-17 | $0.26 | quarterly | 2014-01-02 |
2013-09-13 | $0.26 | quarterly | 2013-10-01 |
2013-06-13 | $0.26 | quarterly | 2013-07-01 |
2013-03-14 | $0.26 | quarterly | 2013-04-01 |
Chemung Financial Dividend per year
Chemung Financial Dividend growth
Chemung Financial Dividend Yield
Chemung Financial current trailing twelve-month (TTM) dividend yield is 2.27%. Interested in purchasing Chemung Financial stock? Use our calculator to estimate your expected dividend yield:
Chemung Financial Financial Ratios
Chemung Financial Dividend FAQ
Other factors to consider when evaluating Chemung Financial as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Chemung Financial's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Chemung Financial publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Chemung Financial distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Chemung Financial are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Chemung Financial sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Chemung Financial distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Chemung Financial declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Chemung Financial's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Chemung Financial's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.