Chemical Financial: Staying Bullish As The Company Hikes Its Dividend
Heather Ingrassia • Wed, Aug. 20
- On Tuesday, August 19, CHFC announced it would be increasing its quarterly dividend by 4.3%, from $0.23/share to $0.24/share.
- CHFC recently announced Q2 EPS of $0.54/share which beat estimates by $0.05/share, and revenue of $67.26 million beat estimates by a margin of $1.34 million.
- Recent trend behavior could improve well into the second half of the year, now that CHFC has both hiked its dividend and demonstrated a solid second quarter performance.