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Community Bank System declares quarterly dividend of 32 cents

DeWITT — Community Bank System, Inc. (NYSE: CBU) recently declared a quarterly cash dividend of 32 cents per share on its common stock The dividend will be payable on July 10 to shareholders of record as of June 15. It represents an annualized yield of nearly 2.4 percent, based on the company’s current stock price. […]

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DeWITT — Community Bank System, Inc. (NYSE: CBU) recently declared a quarterly cash dividend of 32 cents per share on its common stock

The dividend will be payable on July 10 to shareholders of record as of June 15. It represents an annualized yield of nearly 2.4 percent, based on the company’s current stock price.

Community Bank System operates more than 230 branches across upstate New York, northeastern Pennsylvania, western Massachusetts, and Vermont through its banking subsidiary, Community Bank, N.A. It has total assets of about $11 billion.

Community Bank on May 12 closed on its acquisition of Merchants Bancshares, Inc., the largest statewide independent bank in Vermont, in a cash and stock transaction worth about $300 million.

Journal Staff