Chemung Financial raises its quarterly payout by 5.9% to $0.36, marking a yield of 1.76% for shareholders.
Chemung Financial announced a 5.9% increase in its quarterly dividend to $0.36 per share, up from $0.34 previously. The move reflects the company’s ongoing commitment to returning value to shareholders amid stable financial performance.
The new dividend represents a forward yield of 1.76%, based on current share prices. The payout will be distributed on October 1 to shareholders of record as of September 17, with the ex-dividend date also set for September 17.
The increase follows a consistent pattern of dividend growth, aligning with Chemung Financial’s long-term capital allocation strategy. No immediate market reaction was disclosed in the announcement.