company-logo

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 dateDividend amountDividend typePay date
2024-12-19$0.31quarterly2025-01-02
2024-09-19$0.31quarterly2024-10-01
2024-06-17$0.31quarterly2024-07-01
2024-03-15$0.31quarterly2024-04-01
2023-12-18$0.31quarterly2024-01-02
2023-09-15$0.31quarterly2023-10-02
2023-06-16$0.31quarterly2023-07-03
2023-03-17$0.31quarterly2023-04-03
2022-12-19$0.31quarterly2023-01-03
2022-09-16$0.31quarterly2022-10-03
2022-06-16$0.31quarterly2022-07-01
2022-03-17$0.31quarterly2022-04-01
2021-12-17$0.31quarterly2022-01-03
2021-09-16$0.31quarterly2021-10-01
2021-06-16$0.31quarterly2021-07-01
2021-03-17$0.26quarterly2021-04-01
2020-12-18$0.26quarterly2021-01-04
2020-09-16$0.26quarterly2020-10-01
2020-06-16$0.26quarterly2020-07-01
2020-03-17$0.26quarterly2020-04-01
2019-12-20$0.26quarterly2020-01-02
2019-09-16$0.26quarterly2019-10-01
2019-06-14$0.26quarterly2019-07-01
2019-03-15$0.26quarterly2019-04-01
2018-12-18$0.26quarterly2019-01-02
2018-09-14$0.26quarterly2018-10-01
2018-06-15$0.26quarterly2018-07-02
2018-03-16$0.26quarterly2018-04-02
2017-12-18$0.26quarterly2018-01-02
2017-09-15$0.26quarterly2017-10-02
2017-06-15$0.26quarterly2017-07-03
2017-03-16$0.26quarterly2017-04-03
2016-12-16$0.26quarterly2017-01-03
2016-09-15$0.26quarterly2016-10-03
2016-06-15$0.26quarterly2016-07-01
2016-03-16$0.26quarterly2016-04-01
2015-12-16$0.26quarterly2016-01-04
2015-09-15$0.26quarterly2015-10-01
2015-06-15$0.26quarterly2015-07-01
2015-03-13$0.26quarterly2015-04-01
2014-12-17$0.26quarterly2015-01-02
2014-09-15$0.26quarterly2014-10-01
2014-06-13$0.26quarterly2014-07-01
2014-03-13$0.26quarterly2014-04-01
2013-12-17$0.26quarterly2014-01-02
2013-09-13$0.26quarterly2013-10-01
2013-06-13$0.26quarterly2013-07-01
2013-03-14$0.26quarterly2013-04-01

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

P/E ratio12.11
PEG ratio2.08
P/B ratio1.18
ROE10.59%
Payout ratio34.11%
Current ratio0.40
Quick ratio0.40
Cash Ratio0.05

Chemung Financial Dividend FAQ

How much is the next Chemung Financial dividend?
Chemung Financial's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Chemung Financial dividend. The next Chemung Financial dividend will be released in March, June, September, or December.
When is Chemung Financial dividend paid?
Chemung Financial pays dividends on a quarterly basis. The specific dates may vary each year but are generally around March, June, September, and December. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Chemung Financial pay?
The specific amount of Chemung Financial dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Chemung Financial's dividend history.
Does Chemung Financial stock pay dividends?
Yes, Chemung Financial does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Chemung Financial's dividend history.
How much dividend does Chemung Financial pay?
Chemung Financial paid $1.24 in 2024, $1.24 in 2023, $1.24 in 2022, $1.19 in 2021, and $1.04 in 2020.
How often does Chemung Financial pay dividends?
Chemung Financial typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around March, June, September, and December.
What is Chemung Financial's dividend yield?
The current dividend yield for Chemung Financial is 2.27%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Chemung Financial's exact dividend yield.
When does Chemung Financial go ex dividend?
Chemung Financial's ex-dividend date for the latest dividend was on 2024-12-19. Chemung Financial typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Chemung Financial dividend paid?
Chemung Financial pays dividends on a quarterly basis, typically around March, June, September, or December, but the exact dates can vary each year.
Will Chemung Financial increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Chemung Financial will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Chemung Financial dividend per share?
Chemung Financial paid $1.24 per share in 2024 and $1.24 per share in 2023. The amount of dividend per share that Chemung Financial pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Chemung Financial a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Chemung Financial a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Chemung Financial a dividend stock?
Yes, Chemung Financial is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Chemung Financial a good dividend stock?
Whether Chemung Financial is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Chemung Financial has a history of paying regular dividends, which can make it attractive to income-focused investors.

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.
Does Chemung Financial pay dividends monthly?
Chemung Financial typically pays dividends on a quarterly basis.
Does Chemung Financial pay dividends quarterly?
Chemung Financial currently pays dividends on a quarterly basis.
Has Chemung Financial ever paid a dividend?
Yes, Chemung Financial has a history of paying dividends to its shareholders. Chemung Financial is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Chemung Financial dividend stocks?
To buy Chemung Financial you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Chemung Financial stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Chemung Financial pay dividends 2024?
Chemung Financial pays dividends on a quarterly basis. 2024 dividend payments are in 2025-01-02. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Chemung Financial increase its dividend in 2024?
Decisions regarding Chemung Financial dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Chemung Financial dividend overview you can look into the above table of dividend history.
How Chemung Financial dividend works?
The Chemung Financial dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Chemung Financial's dividend process works:

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.
How are Chemung Financial dividends paid?
Chemung Financial dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

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.
How many times does Chemung Financial pay dividends?
Chemung Financial typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Chemung Financial pay dividends?
The general pattern is that Chemung Financial pays dividends around March, June, September, and December. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Chemung Financial dividend safe?
The safety of Chemung Financial's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

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.