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 Jan. 10 to shareholders of record as of Dec. 16.
Community Bank also paid a dividend of 28 cents a share last quarter, when it boosted the payment by one cent from the 27 cents it paid in each of the four prior quarters.
The current dividend represents an annualized yield of nearly 3 percent, based on Community Bank’s current stock price.
DeWitt–based Community Bank System has $7.3 billion in assets and more than 180 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