Chemung Financial (US:CHMG) ZACKSยท2025-06-13 16:51Company Overview - Chemung Financial (CHMG) is a financial holding company based in Elmira, operating in the Finance sector with a year-to-date share price change of -0.84% [3] - The company currently pays a dividend of $0.32 per share, resulting in a dividend yield of 2.64%, which is higher than the Banks - Southeast industry's yield of 2.42% and the S&P 500's yield of 1.54% [3] Dividend Performance - Chemung Financial's annualized dividend of $1.28 has increased by 3.2% compared to the previous year [4] - Over the last five years, the company has raised its dividend twice on a year-over-year basis, achieving an average annual increase of 3.63% [4] - The current payout ratio stands at 27%, indicating that the company distributes 27% of its trailing 12-month earnings per share as dividends [4] Earnings Outlook - For the fiscal year 2025, the Zacks Consensus Estimate projects earnings of $5.69 per share, reflecting an expected increase of 14.72% from the previous year [5] Investment Appeal - Chemung Financial is characterized as an attractive dividend play and a compelling investment opportunity, currently holding a Zacks Rank of 1 (Strong Buy) [7]