DeWITT — Community Bank System, Inc. (NYSE: CBU) has declared a quarterly cash dividend of 28 cents per share on its common stock.
The dividend will be payable on April 10 to shareholders of record as of March 14.
Community Bank also paid a dividend of 28 cents a share each of the last two quarters, after increasing the payment by one cent from the 27 cents it paid in each of the four prior quarters.
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The current dividend represents an annualized yield of nearly 3.2 percent, based on Community Bank’s current stock price.
DeWitt–based Community Bank System has more than $7 billion in assets and over 190 branch offices. Its banking subsidiary, Community Bank, N.A., operates across upstate New York and northeastern Pennsylvania. Its other subsidiaries include Benefit Plans Administrative Services, Inc., a national employee-benefits consulting and trust administration firm; the CBNA Insurance Agency, with offices in five northern New York communities; Community Investment Services, Inc., a wealth-management firm delivering financial products throughout Community Bank’s branch network; and Nottingham Advisors, an investment management and advisory firm.
Contact Rombel at arombel@cnybj.com
