Chemung Financial Corporation Announces Dividend Increase

Core Points - Chemung Financial Corporation announced a dividend increase of $0.01 per share, resulting in a quarterly cash dividend of $0.32 per share, reflecting a 3.2% increase [1][2] - The dividend is payable on April 1, 2025, to shareholders of record as of March 18, 2025 [1] - The company attributes the dividend increase to its strong financial performance [2] Company Overview - Chemung Financial Corporation is a financial services holding company with a total asset value of $2.8 billion, headquartered in Elmira, New York [3] - The company operates 30 offices through its principal subsidiary, Chemung Canal Trust Company, which is the oldest locally-owned community bank in New York State, established in 1833 [3] - Chemung Financial Corporation also includes CFS Group, Inc., which offers non-traditional financial services such as mutual funds, annuities, brokerage services, tax preparation, and insurance [3]