Categories: Banks & Credit UnionsSubscriber Only

Community Bank System to pay Q4 dividend of 42 cents in January

The Community Bank branch in DeWitt. (Adam Rombel/CNYBJ File Photo)

DeWITT— Community Bank System, Inc. (NYSE: CBU) announced that it has declared a quarterly cash dividend of 42 cents per share on its common stock. The dividend will be payable on Jan. 11 to shareholders of record as of Dec. 14. The dividend is the same amount that Community Bank paid last quarter, after it […]

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DeWITT— Community Bank System, Inc. (NYSE: CBU) announced that it has declared a quarterly cash dividend of 42 cents per share on its common stock.

The dividend will be payable on Jan. 11 to shareholders of record as of Dec. 14. The dividend is the same amount that Community Bank paid last quarter, after it increased the payment from the previous dividend of 41 cents a share.

The new dividend of 42 cents represents an annualized yield of more than 2.5 percent, based on Community Bank’s current stock price.

DeWitt–based 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 more than $13.8 billion, the banking company is among the nation’s 125 biggest financial institutions.

Journal Staff