Chemung Financial (US:CHMG) ZACKS·2025-05-12 16:50Company Overview - Chemung Financial (CHMG) is headquartered in Elmira and operates in the Finance sector, with a stock price change of -5.7% since the beginning of the year [3] - The company currently pays a dividend of $0.32 per share, resulting in a dividend yield of 2.78%, which is higher than the Banks - Southeast industry's yield of 2.33% and the S&P 500's yield of 1.59% [3] Dividend Performance - Chemung Financial's annualized dividend of $1.28 has increased by 3.2% from the previous year, with two dividend increases over the last five years, averaging an annual increase of 3.63% [4] - The company's current payout ratio is 27%, indicating that it pays out 27% of its trailing 12-month earnings per share as dividends [4] Earnings Outlook - The Zacks Consensus Estimate for Chemung Financial's earnings in 2025 is projected at $5.43 per share, reflecting a year-over-year growth rate of 9.48% [5] Investment Considerations - Chemung Financial is viewed as an attractive dividend play and a compelling investment opportunity, holding a Zacks Rank of 2 (Buy) [7]