DeWITT — Community Bank System, Inc. (NYSE: CBU) announced that it has declared a quarterly cash dividend of 38 cents per share on its common stock. The DeWitt–based banking company will pay the dividend on Jan. 10, to shareholders of record as of Dec. 14. At Community Bank System’s current stock price, the dividend yields […]
DeWITT — Community Bank System, Inc. (NYSE: CBU) announced that it has declared a quarterly cash dividend of 38 cents per share on its common stock.
The DeWitt–based banking company will pay the dividend on Jan. 10, to shareholders of record as of Dec. 14. At Community Bank System’s current stock price, the dividend yields about 2.5 percent annually.
Community Bank System operates more than 230 branches across upstate New York, northeastern Pennsylvania, Vermont, and western Massachusetts through its banking subsidiary, Community Bank, N.A. With assets of more than $10.6 billion, the banking company said it ranks among the 150 largest financial institutions in the U.S.
It also offers financial planning, insurance, and wealth-management services through its Community Bank Wealth Management Group and OneGroup NY, Inc. operating subsidiaries. The company’s Benefit Plans Administrative Services, Inc. unit offers employee-benefits administration, trust services, collective investment fund administration, and actuarial consulting services to customers nationally.
