SYRACUSE — Alliance Financial Corp. (NASDAQ: ALNC), the holding company for Alliance Bank, N.A., has declared a quarterly dividend of 31 cents per common share. The dividend is payable on July 2 to shareholders of record on June 18.
The dividend of 31 cents a share is the same amount that Alliance Financial paid in each of the previous three quarters. At its current stock price, the company’s annual dividend yield is about 4 percent. Year to date, through May 30, Alliance shares have increased by about 1 percent in price.
Alliance Financial is an independent financial holding company with Alliance Bank as its principal subsidiary that provides retail and commercial banking, and investment-management services through 29 offices in Cortland, Madison, Oneida, Onondaga and Oswego counties. Alliance Financial also operates an investment-management administration center in Buffalo, and an equipment-lease financing company, called Alliance Leasing, Inc.
(Sponsored)
How Does New York State’s Clean Slate Act Impact You?
On November 16, 2023, Governor Hochul signed into law the Clean Slate Act which automatically seals criminal records for certain crimes. The law (effective next year), provides that misdemeanors are
What Is Governance, Risk Management, and Compliance (GRC)?
As cyber threats grow in numbers and severity, regulatory bodies are developing new cybersecurity frameworks for businesses to adhere to. These frameworks vary by industry, and a new type of
Contact Rombel at arombel@cnybj.com
