Chemung Financial Corporation
CHMGFinancial Services · Stock · quarterly payer
Forward Yield
1.70%
Annual Dividend
$1.44
Payout Ratio
20%
5-Yr Growth
4.9%
Ex-Date
Sep 17, 2026
Frequency
Quarterly
Summary
As of September 2026, Chemung Financial Corporation (CHMG) yields 1.70% ($1.44 per share annually), with a blended fair-value estimate of $191.78 — +125% upside, so it screens as undervalued. Dividend safety grade: A (97/100). 1 years of dividend growth.
Is CHMG a good dividend stock?
YesChemung Financial Corporation (CHMG) pays a quarterly dividend yielding 1.70% ($1.44/yr), with 1 year of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
- Comfortable payout ratio (20%)
- 88% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 1.70%
- Payout Ratio
- 20%
- Annual Dividend
- $1.44
- 5-Yr Avg Growth
- 4.9%
- Ex-Dividend Date
- Sep 17, 2026
- Years of Growth
- 1
- Frequency
- quarterly
- Beta
- 0.59
- Market Cap
- $410.9M
- P/E Ratio
- 12.2
- 5-Yr Total Return
- 88%
- 52-Week Range
- $49.82 – $86.00
- Dividend Safety
- A · 97/100
- Ever Cut?
- No
Frequently Asked Questions
CHMG Price — Last 12 Months
Daily close
Price Return
1 Year
+62%
3 Years
+115%
5 Years
+88%
52-Week Range
$49.82 – $86.00
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is CHMG worth?
Undervaluedlow confidenceOur blended fair-value estimate for Chemung Financial Corporation is $191.78 per share, versus a market price of $85.10. That implies 125% of upside — a margin of safety of about 56%.
Fair Value
$191.78
Current Price
$85.10
Upside
+125%
Margin of Safety
56%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 16.7% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.3% discount rate (CAPM), 16.7% stage-1 growth, 2.5% terminal growth, $6.96 EPS, $1.44 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
CHMG Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 17, 2026 | — | $0.3400 | regular |
| Mar 18, 2026 | — | $0.3400 | regular |
| Dec 19, 2025 | — | $0.3400 | regular |
| Sep 17, 2025 | — | $0.3400 | regular |
| Jun 17, 2025 | — | $0.3200 | regular |
| Mar 18, 2025 | — | $0.3200 | regular |
| Dec 19, 2024 | — | $0.3100 | regular |
| Sep 19, 2024 | — | $0.3100 | regular |
| Jun 17, 2024 | — | $0.3100 | regular |
| Mar 15, 2024 | — | $0.3100 | regular |
| Dec 18, 2023 | — | $0.3100 | regular |
| Sep 15, 2023 | — | $0.3100 | regular |
| Jun 16, 2023 | — | $0.3100 | regular |
| Mar 17, 2023 | — | $0.3100 | regular |
Income Calculator
At $1.44 / yr per share
