Categories: Banks & Credit UnionsInsurance & Financial ServicesRegional NewsSmall BusinessSubscriber Only

Community Bank System to pay Q4 dividend of 45 cents on Jan. 10

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DeWITT, N.Y. — 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 a share on its common stock for the fourth quarter. The dividend will be payable on Jan. 10, to shareholders of record as of Dec. […]

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

The quarterly payment corresponds to an annualized yield of about 4 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 $15.4 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 more than 200 branches across upstate New York, northeastern Pennsylvania, Vermont, and western Massachusetts.

Jornal Staff