CHMG Ex-Dividend Reminder - 9/15/16

Looking at the universe of stocks we cover at Dividend Channel, on 9/15/16, Chemung Financial Corp. (CHMG) will trade ex-dividend, for its quarterly dividend of $0.26, payable on 10/3/16. As a percentage of CHMG's recent stock price of $28.50, this dividend works out to approximately 0.91%, so look for shares of Chemung Financial Corp. to trade 0.91% lower — all else being equal — when CHMG shares open for trading on 9/15/16.

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Below is a dividend history chart for CHMG, showing historical dividends prior to the most recent $0.26 declared by Chemung Financial Corp.:

CHMG+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from CHMG is likely to continue, and whether the current estimated yield of 3.65% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of CHMG shares, versus its 200 day moving average:

Chemung Financial Corp. 200 Day Moving Average Chart

Looking at the chart above, CHMG's low point in its 52 week range is $26.05 per share, with $32.95 as the 52 week high point — that compares with a last trade of $28.50.

In Tuesday trading, Chemung Financial Corp. shares are currently down about 0.8% on the day.

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