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)
Fraud Contingencies Plans Are Essential
Your business likely has a disaster recovery plan in place—procedures for handling fires, natural disasters or other crises that could disrupt operations or endanger lives. While a fraud contingency plan
Issuing 1099s: What Every Business Owner Needs To Know
If you are a business owner, you have likely heard of Form 1099. It is a crucial part of tax compliance and should not be ignored. The IRS uses 1099s
Contact Rombel at arombel@cnybj.com
