Chemung Financial dividend yield – Chemung Financial Corp Declares 0.31 Cash Dividend
June 25, 2023
🌥️Dividends Yield
CHEMUNG FINANCIAL ($NASDAQ:CHMG) Corp. has declared their annual dividend of 0.31 USD per share, payable on June 1, 2023. This stock has been providing consistent dividend yields over the past three years, with dividends of 1.24 USD, 1.24 USD, and 1.19 USD per share in 2021, 2022, and 2023 respectively. The corresponding dividend yield is 2.61%, 2.67%, and 2.79% respectively, with a three-year average yield of 2.69%.
The ex-dividend date for CHEMUNG FINANCIAL is June 16, 2023. If you are looking for a reliable stock that can provide consistent dividend yields, CHEMUNG FINANCIAL might be the right choice for you.
Share Price
This dividend is consistent with the company’s dividend policy of returning capital to its shareholders. CHEMUNG stock opened at $36.0 and closed at $35.7, up by 0.8% from the prior closing price of 35.4. This dividend declaration is a sign of confidence in the company’s long-term prospects and commitment to delivering shareholder value. The company has demonstrated a consistent track record of dividend payments since its inception and is committed to increasing shareholder value through its dividend policy.
This dividend declaration reaffirms the company’s commitment to rewarding its shareholders with a steady stream of income. Investors should consider the dividend declaration as an opportunity to increase their exposure to CHEMUNG shares. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Chemung Financial. More…
| Total Revenues | Net Income | Net Margin |
| – | 29.19 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Chemung Financial. More…
| Operations | Investing | Financing |
| 35.05 | -252.62 | 246.46 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Chemung Financial. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.65k | 2.48k | – |
Key Ratios Snapshot
Some of the financial key ratios for Chemung Financial are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.8% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
At GoodWhale, we recently conducted a wellbeing analysis of CHEMUNG FINANCIAL. Our Star Chart showed that the company was strong in growth, asset, dividend, and medium in profitability. Investors who may be interested in such a company would likely be those who are looking for high growth potential but are willing to take on higher risk. This could include venture capital firms or angel investors. We also found that CHEMUNG FINANCIAL has a high health score of 9/10 considering its cashflows and debt, indicating that it is capable to pay off debt and fund future operations. All in all, our analysis concluded that CHEMUNG FINANCIAL is well-positioned to continue its current success. More…
Peers
The company operates through its subsidiaries, Chemung Canal Trust Company and Chemung Valley Insurance Agency, Inc. It offers a range of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit; and loan products, such as residential mortgages, home equity lines of credit, commercial real estate loans, construction loans, commercial and industrial loans, and consumer loans. The company also provides a variety of other services, such as safe deposit box rentals, night depository services, direct deposit of payroll and social security checks, and wire transfer services. As of December 31, 2016, the company operated through a network of 33 full-service banking offices located in Chemung, Tompkins, Schuyler, Steuben, and Tioga Counties in New York. The company’s competitors include OFG Bancorp, ESSA Bancorp Inc, and BancFirst Corp.
– OFG Bancorp ($NYSE:OFG)
The company has a market cap of 1.33B as of 2022. The company is a leading provider of banking and financial services in the United States, with a strong focus on the retail and commercial markets. The company has a strong presence in the Northeast and Mid-Atlantic regions of the country, and offers a full range of banking and financial services to its customers. These include personal and business banking, lending, investments, and insurance. The company has a long history of serving its customers well and is committed to providing them with the best possible experience.
– ESSA Bancorp Inc ($NASDAQ:ESSA)
The company’s market cap is $222.15 million as of 2022. The company is a financial services provider that offers banking and lending products and services to consumers and businesses in the United States.
– BancFirst Corp ($NASDAQ:BANF)
BancFirst Corp is a financial services holding company headquartered in Oklahoma City, Oklahoma. As of December 31, 2020, BancFirst Corp had $12.2 billion in assets, $8.7 billion in loans, and $9.6 billion in deposits. BancFirst Corp operates 124 bank locations in 57 Oklahoma communities. The company’s primary subsidiary is BancFirst, which was chartered in 1931 and is the largest state-chartered bank in Oklahoma.
Summary
CHEMUNG FINANCIAL is a stock that offers consistent dividend yields and a strong investment opportunity. Over the past three years, its dividends have been 1.24 USD, 1.24 USD, and 1.19 USD per share, with average yields of 2.69%. Looking to the future, its dividend yields for 2021 to 2023 are expected to be 2.61%, 2.67%, and 2.79% respectively. This stock is a great choice for those looking for a stable dividend yield, making it a smart choice when considering possible investments.
