Chemung Financial's last quarterly dividend of $0.31 per share was on Mar 17, 2023 (ex-date). At an annualized rate of $1.24 per share, the stock yields 3.51%.
Chemung Financial's dividend yield of 3.51% is below the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 3.91%, Chemung Financial's dividend yield is 10% lower. Historically CHMG's dividend yield has averaged at 2.7% in the last 5 years, which is below the current yield.
Chemung Financial has a history of paying dividends since 1999. Our records of CHMG show that the company has issued four quarterly dividends in the last twelve months. The annualized DPS has not changed since one year ago. However with the stock price down by 19% from a year ago, the dividend yield has grown by 23%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Mar 17, 2023 | Apr 3, 2023 | Feb 15, 2023 | $0.31 | normal |
| Dec 19, 2022 | Jan 3, 2023 | Nov 16, 2022 | $0.31 | normal |
| Sep 16, 2022 | Oct 3, 2022 | Aug 17, 2022 | $0.31 | normal |
| Jun 16, 2022 | Jul 1, 2022 | May 18, 2022 | $0.31 | normal |
| Mar 17, 2022 | Apr 1, 2022 | Feb 16, 2022 | $0.31 | normal |
| Dec 17, 2021 | Jan 3, 2022 | Nov 19, 2021 | $0.31 | normal |
| Sep 16, 2021 | Oct 1, 2021 | Aug 20, 2021 | $0.31 | normal |
| Jun 16, 2021 | Jul 1, 2021 | May 20, 2021 | $0.31 | normal |
| Mar 17, 2021 | Apr 1, 2021 | Feb 16, 2021 | $0.26 | normal |
| Dec 18, 2020 | Jan 4, 2021 | Nov 19, 2020 | $0.26 | normal |
| Sep 16, 2020 | Oct 1, 2020 | Aug 20, 2020 | $0.26 | normal |
| Jun 16, 2020 | Jul 1, 2020 | May 20, 2020 | $0.26 | normal |
| Mar 17, 2020 | Apr 1, 2020 | Feb 20, 2020 | $0.26 | normal |
| Dec 20, 2019 | Jan 2, 2020 | Dec 13, 2019 | $0.26 | normal |
| Sep 16, 2019 | Oct 1, 2019 | Aug 21, 2019 | $0.26 | normal |
| Jun 14, 2019 | Jul 1, 2019 | May 15, 2019 | $0.26 | normal |
| Mar 15, 2019 | Apr 1, 2019 | Feb 20, 2019 | $0.26 | normal |
| Dec 18, 2018 | Jan 2, 2019 | Nov 14, 2018 | $0.26 | normal |
| Sep 14, 2018 | Oct 1, 2018 | Aug 15, 2018 | $0.26 | normal |
| Jun 15, 2018 | Jul 2, 2018 | May 16, 2018 | $0.26 | normal |
| Mar 16, 2018 | Apr 2, 2018 | Feb 22, 2018 | $0.26 | normal |
| Dec 18, 2017 | Jan 2, 2018 | Nov 15, 2017 | $0.26 | normal |
| Sep 15, 2017 | Oct 2, 2017 | Aug 16, 2017 | $0.26 | normal |
| Jun 15, 2017 | Jul 3, 2017 | May 17, 2017 | $0.26 | normal |
| Mar 16, 2017 | Apr 3, 2017 | Feb 15, 2017 | $0.26 | normal |
| Dec 16, 2016 | Jan 3, 2017 | Nov 16, 2016 | $0.26 | normal |
| Sep 15, 2016 | Oct 3, 2016 | Aug 18, 2016 | $0.26 | normal |
Chemung Financial's payout ratio of 20% is below the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 32.1%, Chemung Financial's payout ratio is 38% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| FISI Financial Institutions Inc | 7.45% | $1.17 | 34.4% |
| TMP Tompkins Financial Corp | 4.53% | $2.37 | 41.9% |
| AMNB American National Bankshares Inc | 4.04% | $1.16 | 35.7% |
| MCBC Macatawa Bank Corp | 3.67% | $0.32 | 27.1% |
| NBTB Nbt Bancorp Inc | 3.58% | $1.2 | 35.2% |
| CBU Community Bank System Inc | 3.54% | $1.75 | 64.3% |
| CHMG Chemung Financial Corp | 3.51% | $1.24 | 20% |
| WTFC Wintrust Financial Corp | 2.33% | $1.48 | 16.7% |
Yes, Chemung Financial has been paying dividends for the last 24 years.
CHMG's next dividend is scheduled on Jun 16, 2023 (ex-date).
Chemung Financial's last dividend ex-date was on Mar 17, 2023. The dividend amount was $0.31 per share.
CHMG's annualized dividend per share is $1.24.
The current dividend yield of Chemung Financial is 3.51%.
Chemung Financial pays dividends quarterly.
Chemung Financial's dividend payout ratio is 20%.
Chemung Financial's dividend yield is below the Financial Services sector average.