DeWITT — Community Financial System, Inc. (NYSE: CBU) — parent company of Community Bank, N.A. — recently announced that it has declared a quarterly cash dividend of 46 cents per share of its common stock for the fourth quarter. The dividend will be payable on Jan. 10, to shareholders of record as of Dec. 13. […]
DeWITT — Community Financial System, Inc. (NYSE: CBU) — parent company of Community Bank, N.A. — recently announced that it has declared a quarterly cash dividend of 46 cents per share of its common stock for the fourth quarter. The dividend will be payable on Jan. 10, to shareholders of record as of Dec. 13. The quarterly payment equates to an annualized yield of about 3.2 percent, based on the banking company’s current stock price. DeWitt–based Community Financial System is a diversified financial-services company with total assets of more than $15 billion focused on four main business lines — banking, employee-benefit services, insurance services, and wealth-management services. Community Bank, N.A. is among the nation’s 100 largest banking institutions and operates about 200 branches across upstate New York, northeastern Pennsylvania, Vermont, and western Massachusetts.