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Community Bank System to pay Q4 dividend of 43 cents a share in January

By Journal Staff (news@cnybj.com)

Date:

The Community Bank branch office in the village of Skaneateles. (ADAM ROMBEL/ CNYBJ)

DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) recently announced that it has declared a quarterly cash dividend of 43 cents per share on its common stock for the fourth quarter.

The dividend will be payable on Jan. 10 to shareholders of record as of Dec. 15. The dividend is the same amount that Community Bank paid last quarter, after it increased the payment from the previous dividend of 42 cents a share.

The current dividend of 43 cents represents an annualized yield of about 2.3 percent, based on Community Bank’s current stock price.

DeWitt–based Community Bank System operates more than 215 branches across upstate New York, northeastern Pennsylvania, Vermont, and western Massachusetts through its banking subsidiary, Community Bank, N.A. With assets of more than $15.3 billion, the banking company is among the nation’s 125 biggest financial institutions. The company also provides financial planning, insurance, and wealth-management services through its Community Bank Wealth Management Group and OneGroup NY, Inc. operating units.