 ELMIRA, N.Y., May 20, 2021 GLOBE NEWSWIRE -- Chemung Financial Corporation Nasdaq: CHMG announced today that its Board of Directors has approved a dividend increase of 0.05 per share, equal to a quarterly cash dividend of 0.31 per share, payable on July 1, 2021 to common stock shareholders of record as of the close of business on June 17, 2021. This represents a dividend increase of 19.2 percent. 