DeWITT— Community Bank System, Inc. (NYSE: CBU) announced that it has declared a quarterly cash dividend of 41 cents per share on its common stock. The dividend will be payable on April 9 to shareholders of record as of March 16. The dividend is the same amount that Community Bank paid in each of the […]
DeWITT— Community Bank System, Inc. (NYSE: CBU) announced that it has declared a quarterly cash dividend of 41 cents per share on its common stock.
The dividend will be payable on April 9 to shareholders of record as of March 16. The dividend is the same amount that Community Bank paid in each of the previous two quarters, after it increased the payment by 8 percent from the previous dividend of 38 cents a share.
The new dividend of 41 cents represents an annualized yield of about 2.4 percent, based on Community Bank’s current stock price.
Community Bank System operates more than 230 branches across upstate New York, northeastern Pennsylvania, Vermont, and western Massachusetts through its banking subsidiary, Community Bank, N.A. With assets of nearly $11.5 billion, the banking company is among the nation’s 150 biggest financial institutions.
