ELMIRA, N.Y. – Chemung Financial Corporation has announced its Board of Directors approved a dividend increase of $0.05 per share, equal to a quarterly cash dividend of $0.31 per share, payable on July 1, 2021, to common stock shareholders of record as of the close of business on June 17, 2021. This represents a dividend increase of 19.2 percent.
Anders M. Tomson, President and CEO stated, “We are pleased that our Company’s strong financial results
have allowed us to increase our cash dividend. This continues our long history of paying uninterrupted
cash dividends, and we are proud to reward our shareholders with this dividend increase.”
Chemung Financial Corporation is a $2.5 billion financial services holding company headquartered in Elmira, New York, and operates 31 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, and Chemung Risk Management, Inc., a captive insurance company based in the State of Nevada.
