DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) announced that it has declared a quarterly cash dividend of 30 cents a share on its common stock.
The dividend will be payable on April 10 to shareholders of record as of March 16.
At the banking company’s current stock price, the dividend represents an annualized yield of about 3.4 percent.
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Community Bank System’s share price has declined more than 7 percent year to date, through Feb. 19.
Headquartered in DeWitt, Community Bank System has $7.5 billion in assets and more than 190 branches throughout Upstate and Central New York, and Pennsylvania. The company’s banking subsidiary is Community Bank, N.A. Its other business units include Benefit Plans Administrative Services, Inc., the CBNA Insurance Agency, Community Investment Services, Inc., and Nottingham Advisors.
