Chemung Financial (Chemung Financial) 5-Year Yield-on-Cost % : 3.54 (As of Apr. 26, 2024)

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What is Chemung Financial 5-Year Yield-on-Cost %?

Chemung Financial's yield on cost for the quarter that ended in Dec. 2023 was 3.54.

The historical rank and industry rank for Chemung Financial's 5-Year Yield-on-Cost % or its related term are showing as below:

CHMG' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 2.45 Med: 3.61 Max: 5.28
Current: 3.54

During the past 13 years, Chemung Financial's highest Yield on Cost was 5.28. The lowest was 2.45. And the median was 3.61.

CHMG's 5-Year Yield-on-Cost % is ranked worse than
68.33% of 1206 companies
in the Banks industry
Industry Median: 4.975 vs CHMG: 3.54

Competitive Comparison of Chemung Financial's 5-Year Yield-on-Cost %

For the Banks - Regional subindustry, Chemung Financial's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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 5-Year Yield-on-Cost % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Chemung Financial's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where Chemung Financial's 5-Year Yield-on-Cost % falls into.

Chemung Financial 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of Chemung Financial is calculated as

Yield-on-Cost

Dividend Yield %

Dividend Growth Rate)^5

Chemung Financial (NAS:CHMG) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.

Chemung Financial 5-Year Yield-on-Cost % Related Terms

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Chemung Financial (Chemung Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Chemung Financial Corp (NAS:CHMG) » Definitions » 5-Year Yield-on-Cost %

Comparable Companies

Traded in Other Exchanges

N/A

Address

One Chemung Canal Plaza, Elmira, NY, USA, 14901

Website

https://www.chemungcanal.com

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