Community Bank System to pay Q1 dividend of 45 cents in April

DeWITT — Community Bank System, Inc. (NYSE: CBU) — parent company of Community Bank, N.A. — recently announced that it has declared a quarterly cash dividend of 45 cents per share of its common stock for the first quarter. The dividend will be payable on April 10, to shareholders of record as of March 15. The quarterly payment equates to an annualized yield of about 3.9 percent, based on the banking company’s current stock price. DeWitt–based Community Bank System is a diversified financial-services company with total assets of $15.6 billion focused on four main business lines — banking, benefits administration, insurance services, and wealth management. Community Bank, N.A. is among the nation’s 100 biggest banking institutions and operates about 200 branches across upstate New York, northeastern Pennsylvania,