Chemung Financial Dividends and Buybacks
Dividend criteria checks 5/6
Chemung Financial is a dividend paying company with a current yield of 2.5% that is well covered by earnings. Next payment date is on 2nd January, 2025 with an ex-dividend date of 19th December, 2024.
Key information
2.5%
Dividend yield
-0.06%
Buyback Yield
| Total Shareholder Yield | 2.4% |
| Future Dividend Yield | 2.5% |
| Dividend Growth | -2.9% |
| Next dividend pay date | 02 Jan 25 |
| Ex dividend date | 19 Dec 24 |
| Dividend per share | US$1.240 |
| Payout ratio | 27% |
Recent dividend and buyback updates
Recent updates
Chemung Financial (NASDAQ:CHMG) Is Due To Pay A Dividend Of $0.31
Nov 23
We think Chemung Financial Corporation's (NASDAQ:CHMG) CEO May Struggle To See Much Of A Pay Rise This Year
May 29Chemung Financial (NASDAQ:CHMG) Has Affirmed Its Dividend Of $0.31
Feb 25Chemung Financial (NASDAQ:CHMG) Has Affirmed Its Dividend Of $0.31
Dec 13Chemung Financial (NASDAQ:CHMG) Is Due To Pay A Dividend Of $0.31
Nov 19Chemung Financial (NASDAQ:CHMG) Will Pay A Dividend Of $0.31
Sep 03Chemung Financial (NASDAQ:CHMG) Is Due To Pay A Dividend Of $0.31
Aug 20Chemung Financial Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Jul 24Chemung Financial (NASDAQ:CHMG) Will Pay A Dividend Of $0.31
Jun 06Chemung Financial (NASDAQ:CHMG) Is Due To Pay A Dividend Of $0.31
May 23Chemung Financial (NASDAQ:CHMG) Is Due To Pay A Dividend Of $0.31
Dec 09Chemung Financial's (NASDAQ:CHMG) Dividend Will Be $0.31
Sep 07Chemung Financial (NASDAQ:CHMG) Is Paying Out A Dividend Of $0.31
Aug 21Chemung Financial declares $0.31 dividend
Aug 17Chemung Financial GAAP EPS of $1.72, revenue of $24.7M
Jul 21Chemung Financial's (NASDAQ:CHMG) Dividend Will Be US$0.31
Jun 09Chemung Financial (NASDAQ:CHMG) Will Pay A Dividend Of US$0.31
May 22Shareholders May Not Be So Generous With Chemung Financial Corporation's (NASDAQ:CHMG) CEO Compensation And Here's Why
Jun 02Stability and Growth of Payments
Fetching dividends data
Stable Dividend: CHMG's dividends per share have been stable in the past 10 years.
Growing Dividend: CHMG's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Chemung Financial Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (CHMG) | 2.5% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.5% |
| Industry Average (Banks) | 2.7% |
| Analyst forecast (CHMG) (up to 3 years) | 2.5% |
Notable Dividend: CHMG's dividend (2.5%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: CHMG's dividend (2.5%) is low compared to the top 25% of dividend payers in the US market (4.5%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (27.4%), CHMG's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CHMG's dividends in 3 years are forecast to be well covered by earnings (20% payout ratio).
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 22:58 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Chemung Financial Corporation is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Bishop | D.A. Davidson & Co. |
| Jacob Civiello | Janney Montgomery Scott LLC |
| Christopher McGratty | Keefe, Bruyette, & Woods |