Chemung Financial Boosts Dividend Amid Strong Financial Performance.

Chemung Financial Corporation, a financial services holding company, announced a dividend increase. The company operates through its principal subsidiary, Chemung Canal Trust Company, a full-service community bank, and CFS Group, Inc., a financial services subsidiary offering non-traditional services. Chemung Financial provides a range of financial services, including deposits, loans, wealth management, and insurance products.

Chemung Financial Corporation (Nasdaq: CHMG) has announced a dividend increase of $0.02 per share, bringing the quarterly cash dividend to $0.34 per share. The dividend will be payable on October 1, 2025, to shareholders of record as of September 17, 2025. This marks the second dividend increase in 2025, representing a 6.3% increase over the previous quarterly dividend. The cumulative increases during 2025 total $0.03 per share, or 9.7% [1].

Chemung Financial Corporation, a $2.9 billion financial services holding company headquartered in Elmira, New York, operates 30 offices through its principal subsidiary, Chemung Canal Trust Company, a full-service community bank established in 1833. The company also owns CFS Group, Inc., a financial services subsidiary offering non-traditional services including mutual funds, annuities, brokerage services, tax preparation services, and insurance [2].

The dividend increase comes as part of the company's ongoing strategy to reward shareholders for their investment. The increase reflects the company's strong financial performance and commitment to maintaining a stable dividend policy. "We are pleased to announce that for the second time during 2025 the Corporation has decided to raise its quarterly dividend," said Anders M. Tomson, President and CEO of Chemung Financial Corporation.

Chemung Financial Corporation has a history of providing community-focused banking and wealth management services across New York and Pennsylvania. The company's locally-driven decision-making has significantly impacted regional economic growth through small business lending and personalized financial services [2].

The recent dividend increase underscores the company's financial stability and commitment to shareholder value. As of the end of Q2 2025, Chemung Financial Corporation reported a net loss of $6.5 million, or $1.35 per share, primarily due to a strategic balance sheet repositioning that included issuing $45.0 million in subordinated notes and selling $245.5 million of available-for-sale securities [2].

References:
[1] https://www.stocktitan.net/news/CHMG/chemung-financial-corporation-announces-dividend-tpdo1libs3xn.html
[2] https://www.stocktitan.net/news/CHMG/