Chemung Financial Corporation announces a quarterly cash dividend of $0.34 per share, payable July 1, 2026.
Quiver AI Summary
Chemung Financial Corporation has announced a quarterly cash dividend of $0.34 per share, which will be paid on July 1, 2026, to shareholders on record as of June 17, 2026. The corporation, based in Elmira, New York, has total assets of $2.7 billion and operates 30 offices through its main subsidiary, Chemung Canal Trust Company, the oldest locally-owned community bank in New York State, established in 1833. In addition to traditional banking services, Chemung Financial also includes CFS Group, Inc., which offers a range of non-traditional financial services like mutual funds and insurance.
Potential Positives
- Approval of a quarterly cash dividend of $0.34 per share demonstrates financial stability and commitment to returning value to shareholders.
- Dividend payment date and record date provide a clear timeline for investors, reinforcing transparency and reliability in shareholder communications.
- Recognition as the oldest locally-owned community bank in New York State enhances the company's reputation and trustworthiness in the market.
- The diverse financial services offered by Chemung Financial Corporation, including non-traditional services, indicate a broad revenue base and growth potential.
Potential Negatives
- Announcement of a quarterly cash dividend may indicate that the company is facing challenges in growth or profitability, requiring it to return capital to shareholders rather than reinvesting in business expansion.
- The relatively small amount of the dividend ($0.34 per share) could suggest limitations in financial performance, potentially raising concerns among investors about the company's ability to generate higher returns.
FAQ
What is the quarterly cash dividend announced by Chemung Financial Corporation?
Chemung Financial Corporation announced a quarterly cash dividend of $0.34 per share for common stock shareholders.
When will the dividend be payable?
The dividend will be payable on July 1, 2026.
What is the record date for the dividend?
The record date for the dividend is June 17, 2026, at the close of business.
What services does Chemung Canal Trust Company offer?
Chemung Canal Trust Company offers full banking services and operates as a full-service community bank.
When was Chemung Canal Trust Company established?
Chemung Canal Trust Company was established in 1833, making it the oldest locally-owned bank in New York State.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CHMG Insider Trading Activity
$CHMG insiders have traded $CHMG stock on the open market 6 times in the past 6 months. Of those trades, 0 have been purchases and 6 have been sales.
Here’s a breakdown of recent trading of $CHMG stock by insiders over the last 6 months:
- ROBERT H DALRYMPLE sold 2,833 shares for an estimated $160,231
- THOMAS R. TYRRELL has made 0 purchases and 3 sales selling 1,288 shares for an estimated $81,979.
- DANIEL D FARIELLO (President, Capital Bank Div.) has made 0 purchases and 2 sales selling 990 shares for an estimated $60,626.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$CHMG Revenue
$CHMG had revenues of $29.9M in Q1 2026. This is an increase of 16.33% from the same period in the prior year.
You can track CHMG financials on Quiver Quantitative's CHMG stock page.
You can access data on CHMG stock through the Quiver Quantitative API.
$CHMG Hedge Fund Activity
We have seen 31 institutional investors add shares of $CHMG stock to their portfolio, and 37 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MANUFACTURERS LIFE INSURANCE COMPANY, THE added 18,171 shares (+13.0%) to their portfolio in Q1 2026, for an estimated $977,963
- RHINO INVESTMENT PARTNERS, INC added 14,440 shares (+217.8%) to their portfolio in Q1 2026, for an estimated $777,160
- CITADEL ADVISORS LLC removed 13,923 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $749,335
- VANGUARD GROUP INC added 12,577 shares (+6.2%) to their portfolio in Q4 2025, for an estimated $701,796
- FOURTHSTONE LLC removed 10,028 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $559,562
- JPMORGAN CHASE & CO removed 9,374 shares (-56.0%) from their portfolio in Q4 2025, for an estimated $523,069
- MARSHALL WACE, LLP removed 8,874 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $495,169
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Full Release
ELMIRA, N.Y., May 21, 2026 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (Nasdaq: CHMG) announced today that its Board of Directors has approved a quarterly cash dividend of $0.34 per share, payable on July 1, 2026, to common stock shareholders of record as of the close of business on June 17, 2026.
Chemung Financial Corporation is a $2.7 billion financial services holding company headquartered in Elmira, New York and operates 30 offices through its principal subsidiary, Chemung Canal Trust Company, a full-service community bank with full trust powers. Established in 1833, Chemung Canal Trust Company is the oldest locally-owned and managed community bank in New York State. Chemung Financial Corporation is also the parent of CFS Group, Inc., a financial services subsidiary offering non-traditional services including mutual funds, annuities, brokerage services, tax preparation services and insurance.
This press release may be found at: www.chemungcanal.com
Category: Financial
Source: Chemung Financial Corp
Contact:
Scott T. Heffner
Senior Vice President, Director of Marketing
(607) 737-3706
[email protected]
