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Chemung Financial (Chemung Financial) 3-Year Dividend Growth Rate : 6.00% (As of Dec. 2023)


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What is Chemung Financial 3-Year Dividend Growth Rate?

Chemung Financial's Dividends per Share for the three months ended in Dec. 2023 was $0.31.

The historical rank and industry rank for Chemung Financial's 3-Year Dividend Growth Rate or its related term are showing as below:

CHMG' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 1   Med: 2.3   Max: 16.8
Current: 6

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Chemung Financial was 16.80% per year. The lowest was 1.00% per year. And the median was 2.30% per year.

CHMG's 3-Year Dividend Growth Rate is ranked worse than
54.81% of 779 companies
in the Banks industry
Industry Median: 7.5 vs CHMG: 6.00

During the past 3 years, the average Dividends Per Share Growth Rate was 6.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 4.50% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 1.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Chemung Financial's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.38. As of today, Chemung Financial's Dividend Yield % is 2.84%.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of Chemung Financial's 3-Year Dividend Growth Rate

For the Banks - Regional subindustry, Chemung Financial's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Chemung Financial's 3-Year Dividend Growth Rate Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Chemung Financial's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Chemung Financial's 3-Year Dividend Growth Rate falls into.



Chemung Financial 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Chemung Financial  (NAS:CHMG) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Chemung Financial's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.31/ 0.81
=0.38

During the past 13 years, the highest Dividend Payout Ratio of Chemung Financial was 0.74. The lowest was 0.20. And the median was 0.30.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Chemung Financial Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.3102024-03-152024-03-182024-04-01Cash DividendquarterlyUSD:USD 1.000000
USD 0.3102023-12-182023-12-192024-01-02Cash DividendquarterlyUSD:USD 1.000000
USD 0.3102023-09-152023-09-182023-10-02Cash DividendquarterlyUSD:USD 1.000000
USD 0.3102023-06-162023-06-202023-07-03Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Chemung Financial's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.24/43.58
=2.85 %

Current Share Price is $43.58.
Chemung Financial's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.24.

During the past 13 years, the highest Dividend Yield of Chemung Financial was 4.24%. The lowest was 1.97%. And the median was 2.90%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Chemung Financial 3-Year Dividend Growth Rate Related Terms>


Chemung Financial (Chemung Financial) Business Description

Traded in Other Exchanges
N/A
Address
One Chemung Canal Plaza, Elmira, NY, USA, 14901
Chemung Financial Corp is a bank holding firm. It provides financial services, including demand, savings, and time deposits, commercial, residential, and consumer loans, letters of credit, wealth management services, employee benefit plans, securities, and insurance brokerage services. Its business operations are organized into two segments, Core Banking, and Wealth Management services. It derives its revenues from the core banking business.
Executives
Meade Joseph F Iv director ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522
Thomas W Wirth officer: Senior Vice President ONE CHEMUNG CANAL PLAZA, P.O. BOX 1522, ELMIRA NY 14902-1522
Mckim Dale M. Iii officer: EVP, CFO & Treasurer ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522
Jeffrey P. Kenefick officer: Regional President ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522
Loren D Cole officer: Executive Vice President ONE CHEMUNG CANAL PLAZA, ELMIRA NY 14901
Thomas R. Tyrrell director ONE CHEMUNG CANAL PLAZA, ELMIRA NY 14901
John J Stempin officer: Controller ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522
Ronald M Bentley officer: President & COO ONE CHEMUNG CANAL PLAZA, ELMIRA NY 14901
Koen G. Long officer: Controller ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522
Denise V Gonick director ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522
Tranter G. Thomas Jr. director ONE CHEMUNG CANAL PLAZA, ELMIRA NY 14901
Jeffrey B Streeter director ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522
Robert H Dalrymple director, 10 percent owner ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522
Kimberly A Hazelton officer: Executive Vice President ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522
Archibold Raimundo C. Jr director ONE CHEMUNG CANAL PLAZA, PO BOX 1522, ELMIRA NY 14902-1522

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