DeWITT — Community Bank System, Inc. (NYSE: CBU) has increased its quarterly dividend 3.8 percent.
The DeWitt–based banking company said Thursday it will pay a cash dividend of 27 cents a share on Oct. 10 to shareholders of record as of Sept. 14. That’s a 1 cent increase from the same quarter last year.
The bump makes 2012 the 20th consecutive year the company has raised its dividend.
“The payment of a meaningful and growing dividend is an important component of our commitment to provide consistent and favorable long-term returns to our shareholders,” Community Bank System President and CEO Mark E. Tryniski said in a news release. “The increase reflects the continued strength of both our current operating performance and capital position.”
Community Bank System has $7.5 billion in assets and 180 branches in upstate New York and northeastern Pennsylvania. The company also operates subsidiaries in employee benefits, insurance, investment management and advising, and wealth management.
Contact Tampone at ktampone@cnybj.com
ITHACA, N.Y. — Cayuga Health System (CHS), based in Ithaca, and Cancer Resource Center of…
DeWITT, N.Y. — MACNY, the Manufacturers Association will use a $6 million federal grant to…
SYRACUSE, N.Y. — The Syracuse Housing Authority (SHA) and the City of Syracuse will use…
UTICA, N.Y. — Nearly nine months after Wynn Hospital opened in downtown Utica, its promised…
DOLGEVILLE, N.Y. — An audit by New York State Comptroller Thomas P. DiNapoli’s office found…
OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the bank holding company of Pathfinder Bank, has…