Community Bank System, Inc. (CBU) Reports In-Line Q3 EPS, Declares $0.26 Quarterly Dividend

Community Bank System, Inc. (NYSE: CBU) reported Q3 EPS of $0.54, in-line with the analyst estimate of $0.54. Revenue for the quarter came in at $77.8 million versus the consensus estimate of $78.29 million.

The Company’s Board of Directors approved a quarterly dividend on its common stock of $0.26 per share, payable on January 10, 2012, to shareholders of record as of December 15, 2011. This two cent (8.3%) increase in the Company’s quarterly cash dividend over the same quarter of last year, represents an annualized yield of 4.0% based on the Company’s closing price of $26.16 on October 24, 2011. This is the nineteenth (19th) consecutive year of dividend increases for the Company. Mr. Tryniski commented, “The payment of a meaningful dividend is an important component of our commitment to provide consistent and favorable long-term returns to our shareholders. The increase reflects the continued strength of both our current operating performance and capital position.”

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Pegasystems (PEGA) Declares $0.083 Special Dividend; 0.2% Yield
• MDU Resources Group (MDU) Raises Quarterly Dividend 3.6% to $0.145; 2.9% Yield
• Winnebago Industries (WGO) Raises Quarterly Dividend 2.9% to $0.36; 4.4% Yield