Chemung Financial Corp (CHMG) To Go Ex-Dividend on June 17th

Chemung Financial Corp (NASDAQ:CHMG) announced a quarterly dividend on Thursday, May 21st. Stockholders of record on Wednesday, June 17th will be paid a dividend of 0.34 per share by the bank on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, June 17th.

Chemung Financial has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Chemung Financial has a payout ratio of 21.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Chemung Financial to earn $6.86 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 19.8%.

Chemung Financial Stock Up 0.2%

Shares of NASDAQ:CHMG opened at $68.94 on Friday. The company has a market capitalization of $332.29 million, a PE ratio of 18.19 and a beta of 0.59. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. Chemung Financial has a twelve month low of $43.20 and a twelve month high of $70.83. The firm has a 50 day simple moving average of $60.77 and a 200-day simple moving average of $57.55.

Chemung Financial (NASDAQ:CHMG) last issued its quarterly earnings data on Friday, April 17th. The bank reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.28. The business had revenue of $29.90 million during the quarter, compared to the consensus estimate of $29.21 million. Chemung Financial had a net margin of 12.77% and a return on equity of 12.45%. On average, equities analysts predict that Chemung Financial will post 6.75 EPS for the current fiscal year.

About Chemung Financial

Chemung Financial Corporation serves as the bank holding company for Chemung Canal Trust Company, a community bank founded in 1833 and headquartered in Elmira, New York. With deep historical roots in the Southern Tier of New York, the company has expanded its footprint to serve customers throughout the region, including northern Pennsylvania. Chemung Financial emphasizes relationship-driven banking by combining personalized service with modern delivery channels.

Through its subsidiary, Chemung Canal Trust Company, Chemung Financial offers a comprehensive suite of financial products and services.