DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) announced that it has declared a quarterly cash dividend of 31 cents a share on its common stock.
The DeWitt–based banking company will pay the dividend on July 11 to shareholders of record as of June 15.
The dividend is the same amount that Community Bank paid in each of the last three quarters. At the company’s current stock price, the dividend yields more than 3.1 percent on annual basis.
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Community Bank also announced that four directors up for election at its annual shareholders meeting on May 18 were elected — Mark J. Bolus, Nicholas A. DiCerbo, James A. Gabriel, and Edward S. Mucenski.
At the same meeting, the shareholders also ratified the appointment of PricewaterhouseCoopers LLP to serve as Community Bank’s independent registered public accounting firm.
Community Bank System operates more than 200 branches across upstate New York and Northeastern Pennsylvania through its banking subsidiary, Community Bank, N.A. It has total assets of about $8.6 billion, ranking it among the country’s 150 largest financial institutions.
Contact Rombel at arombel@cnybj.com
