DeWITT, N.Y. —– Community Bank System, Inc. (NYSE: CBU) announced that it has declared a quarterly cash dividend of 30 cents a share on its common stock.
The dividend will be payable on Jan. 9 to shareholders of record as of Dec. 15.
At the banking company’s current stock price, the dividend represents an annualized yield of about 3.2 percent.
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The dividend is the same amount Community Bank paid last quarter, when the company boosted its dividend from the 28 cents it had paid shareholders in each of the four previous quarters.
Headquartered in DeWitt, Community Bank System has $7.5 billion in assets and more than 190 branches throughout Upstate and Central New York, and Pennsylvania. The company’s banking subsidiary is Community Bank, N.A. Its other business units include Benefit Plans Administrative Services, Inc., the CBNA Insurance Agency, Community Investment Services, Inc., and Nottingham Advisors.
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