Categories: Banks & Credit UnionsInsurance & Financial ServicesSubscriber Only

Community Bank System declares dividend of 43 cents a share for July payment

DeWITT, N.Y.— Community Bank System, Inc. (NYSE: CBU) announced that it has declared a cash dividend of 43 cents a share on its common stock for the second quarter. The dividend will be payable on July 11 to shareholders of record as of June 15. The quarterly payment represents an annualized yield of about 2.7 […]

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DeWITT, N.Y.— Community Bank System, Inc. (NYSE: CBU) announced that it has declared a cash dividend of 43 cents a share on its common stock for the second quarter.

The dividend will be payable on July 11 to shareholders of record as of June 15.

The quarterly payment represents an annualized yield of about 2.7 percent, based on Community Bank System’s current stock price.

The DeWitt–based banking company also announced that shareholders voted in line with the board of directors’ recommendations on all proposals at its annual shareholders’ meeting on May 18, and elected all 13 of the directors standing for re-election for a one-year term. The Community Bank System stockholders also approved, on an advisory basis, the company’s executive-compensation programs, approved the banking company’s 2022 long-term incentive plan, as amended, and ratified the appointment of PricewaterhouseCoopers LLP to serve as Community’s independent registered public accounting firm.

Community Bank System operates more than 220 branches across upstate New York, northeastern Pennsylvania, Vermont, and western Massachusetts through its banking subsidiary, Community Bank, N.A. It has total assets of more than $15.6 billion.

Jornal Staff