Berkshire Bank parent company to pay Q3 dividend of 18 cents

Berkshire Hills Bancorp, Inc. (NYSE: BHLB) — parent company of Berkshire Bank, which has a significant presence in the Mohawk Valley region — recently announced that its board of directors has approved a quarterly cash dividend of 18 cents per common share. The dividend is payable on Oct. 10, to shareholders of record as of the close of business on Sept. 30. At Berkshire Hills Bancorp’s current stock price, the payment yields about 2.7 percent on an annual basis. Boston–based Berkshire has about $12.2 billion in total assets and a footprint of 91 branches in New England and New York state. The banking company’s Mohawk Valley presence includes branches in Rome, New Hartford, Whitesboro, North Utica, West Winfield, and Ilion.