Press Releases August 19, 2026 01:15 PM

Chemung Financial Corporation Announces Dividend Increase

Chemung Financial Corporation increases quarterly dividend by 5.9%, reflecting strong financial health and shareholder commitment

By Nina Shah
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CHMG

Chemung Financial Corporation announced a 5.9% increase in its quarterly dividend to $0.36 per share, marking a total dividend rise of 16.1% since 2025. This move demonstrates the company’s robust financial position and ongoing commitment to returning value to shareholders. The dividend will be payable on October 1, 2026, to shareholders of record as of September 17, 2026.

Chemung Financial Corporation Announces Dividend Increase
CHMG
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Key Points

  • Quarterly dividend increased by $0.02 per share, now $0.36 per share.
  • Total dividend increases since early 2025 amount to 16.1%.
  • Chemung Financial Corporation operates as a full-service community bank with trust powers, serving the New York region.

ELMIRA, N.Y., Aug. 19, 2026 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (Nasdaq: CHMG) announced today that its Board of Directors has approved a dividend increase of $0.02 per share, raising its quarterly cash dividend to $0.36 per share, payable on October 1, 2026, to common stock shareholders of record as of the close of business on September 17, 2026.

“We are pleased to announce the Corporation’s decision to raise its quarterly dividend by $0.02 per share. 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%,” said Anders M. Tomson, President and CEO of Chemung Financial Corporation.

Chemung Financial Corporation is a $2.8 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
Stheffner@chemungcanal.com


Risks

  • Potential economic downturns could affect bank earnings and future dividend capacity.
  • Regulatory changes in the financial services sector could impact bank operations and profitability.
  • Competition from larger financial institutions and fintech companies may pose challenges to growth.

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