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Chemung Financial Boosts Dividend by 5.9%, Highlights Strong Performance
• Chemung Financial Corporation (Nasdaq: CHMG) has increased its quarterly cash dividend by $0.02 to $0.36 per share.
• The 5.9% hike brings total dividend increases since early 2025 to $0.05 per share, a cumulative rise of 16.1%.
• The $2.8 billion holding company will pay the new dividend on October 1 to shareholders of record as of September 17.
• The firm's principal subsidiary, Chemung Canal Trust Company, is New York State's oldest locally-owned community bank.
Chemung Financial Corporation has declared a significant increase to its shareholder dividend, signaling confidence in its financial trajectory and rewarding investor loyalty. The Board of Directors approved a quarterly cash dividend raise of $0.02 per share, elevating the payout to $0.36 per share. This distribution is scheduled for October 1, 2026, to common stockholders recorded at the close of business on September 17, 2026.
President and CEO Anders M. Tomson framed the decision as a reflection of the corporation's robust health. "The raise represents a 5.9% increase over the prior quarterly dividend and brings total increases since the beginning of 2025 to $0.05 per share, or 16.1%," Tomson stated. This consistent pattern of enhanced shareholder returns underscores a period of sustained profitability and strategic execution for the Elmira, New York-based institution.
The dividend announcement spotlights the enduring stability of the $2.8 billion financial services holding company. Its core subsidiary, Chemung Canal Trust Company, operates 30 offices as a full-service community bank with trust powers, tracing its roots back to 1833. This legacy makes it the oldest locally-owned and managed community bank in New York State. Beyond traditional banking, the corporation's CFS Group, Inc. subsidiary provides a suite of financial services including wealth management, insurance, and tax preparation, diversifying its revenue streams.
This dividend increase serves as a tangible metric of Chemung Financial's operational success amid a complex economic landscape. By returning more capital to its investors, the corporation reinforces its commitment to shareholder value while projecting assurance in its future earnings capacity and the strength of its community-focused banking model.