Chemung Financial Corp (CHMG) Declares $0.26 Quarterly Dividend

Chemung Financial Corp (NASDAQ:CHMG) announced a quarterly dividend on Friday, May 19th, Wall Street Journal reports. Investors of record on Monday, June 19th will be paid a dividend of 0.26 per share by the bank on Monday, July 3rd. This represents a $1.04 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Thursday, June 15th.

Chemung Financial Corp (NASDAQ:CHMG) traded down 2.29% during midday trading on Friday, reaching $39.21. 12,282 shares of the company traded hands. Chemung Financial Corp has a one year low of $27.45 and a one year high of $41.44. The company has a market capitalization of $185.54 million, a price-to-earnings ratio of 18.17 and a beta of 0.19. The stock’s 50 day moving average is $38.94 and its 200 day moving average is $36.80.

Dividend History for Chemung Financial Corp (NASDAQ:CHMG)

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In other news, Director Ronald M. Bentley sold 6,978 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $38.25, for a total transaction of $266,908.50. Following the completion of the transaction, the director now directly owns 41,200 shares in the company, valued at $1,575,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David J. Dalrymple acquired 4,300 shares of Chemung Financial Corp stock in a transaction that occurred on Tuesday, April 25th. The stock was acquired at an average price of $38.00 per share, with a total value of $163,400.00. The disclosure for this purchase can be found here. Company insiders own 22.28% of the company’s stock.

Chemung Financial Corp Company Profile

Chemung Financial Corporation is a bank holding company. The Company, through its subsidiaries, Chemung Canal Trust Company (the Bank) and CFS Group, Inc (CFS), provides a range of banking, financing, fiduciary and other financial services to its clients. The Company manages its operations through two segments: core banking and Wealth Management Group (WMG).

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