Chemung Financial hikes dividend by 6.3%

Chemung Financial (CHMG) will hike its quarterly dividend by 6.3% to 34 cents per share. This is the second dividend hike in 2025.

The dividend was already hiked in February with a 1 cent increase to $0.32 quarterly. The dividend yield for CHMG is 2.6% at a stock price of $53.17. The total dividend increase in 2025 now jumps to 9.7%.