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CHMG Chemung Financial dividend history, payout ratio & dates

Chemung Financial's last quarterly dividend of $0.31 per share was on Sep 16, 2022 (ex-date). At an annualized rate of $1.24 per share, the stock yields 2.96%.

Key dates

  • CHMG last dividend date: Sep 16, 2022
  • CHMG next dividend date: Not announced
CHMG dividend stats
DPS
$1.24
Dividend yield
2.96%
Payout ratio
20.7%
vs. Financial Services sector
Dividend yield
2.95%
Payout ratio
30.2%

Dividend yield

What is Chemung Financial current dividend yield

Chemung Financial's dividend yield of 2.96% is above the Financial Services sector and its peers average but below the industry average. But compared to its Financial Services sector average of 2.95%, Chemung Financial's dividend yield is only 0.3% higher. Historically CHMG's dividend yield has averaged at 2.7% in the last 5 years, which is below the current yield.

Dividend history

What is CHMG dividend payout history and dates

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 grown by 9% since one year ago. And with the stock price down by 6% from a year ago, the dividend yield has grown by 16%.

Recent dividends

Ex-date Payment date Declared on Amount Type
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 dividend payout ratio

What is Chemung Financial dividend payout ratio compared to the sector

Payout ratio

Chemung Financial's payout ratio of 20.7% is below the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 30.2%, Chemung Financial's payout ratio is 31% lower.

Total amount of dividends paid per financial year (from cash flow)

CHMG dividend vs peer dividends

How does CHMG dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
FISI Financial Institutions Inc 4.74% $1.14 27.1%
AMNB American National Bankshares Inc 3.51% $1.12 31.3%
MCBC Macatawa Bank Corp 3.46% $0.32 42.1%
TMP Tompkins Financial Corp 3.14% $2.28 38.9%
NBTB Nbt Bancorp Inc 3% $1.14 32.5%
CHMG Chemung Financial Corp 2.96% $1.24 20.7%
CBU Community Bank System Inc 2.88% $1.73 53.1%
WTFC Wintrust Financial Corp 1.63% $1.33 18.9%

Frequently asked questions

Does Chemung Financial pay a dividend?

Yes, Chemung Financial has been paying dividends for the last 23 years.

When is Chemung Financial's next dividend?

Currently CHMG's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in December 2022.

When was CHMG's last dividend?

Chemung Financial's last dividend ex-date was on Sep 16, 2022. The dividend amount was $0.31 per share.

How much dividend does Chemung Financial pay (per share)?

CHMG's annualized dividend per share is $1.24.

What is Chemung Financial's dividend yield?

The current dividend yield of Chemung Financial is 2.96%.

How often does Chemung Financial pay dividends?

Chemung Financial pays dividends quarterly.

What is Chemung Financial's dividend payout ratio?

Chemung Financial's dividend payout ratio is 20.7%.

Does Chemung Financial pay a good dividend?

Chemung Financial's dividend yield is similar to the Financial Services sector average.