Community Bank System to pay Q4 dividend of 44 cents a share in January

DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) — parent company of Community Bank, N.A. — announced that it has declared a cash dividend of 44 cents per share on its common stock for the fourth quarter.

The dividend will be payable on Jan. 10, to shareholders of record as of Dec. 15. 

The quarterly payment represents an annualized yield of about 2.75 percent, based on Community Bank System’s current stock price.

DeWitt–based Community Bank System has total assets of more than $15.5 billion and is among the nation’s 125 biggest banking institutions. Community Bank operates more than 210 branches across upstate New York, northeastern Pennsylvania, Vermont, and western Massachusetts.