Community Bank System (CBU) Raises Quarterly Dividend 3.3% to $0.31; 3.4% Yield
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Community Bank System, Inc. Announces Its 23rd Consecutive Year of Dividend Increases
August 20, 2015 2:43 PM EDTDEWITT, N.Y.--(BUSINESS WIRE)-- Community Bank System, Inc. (NYSE: CBU) announced that its Board of Directors declared a quarterly cash dividend of $0.31 per share on its common stock. The dividend will be payable on October 9, 2015 to shareholders of record as of September 15, 2015.
This one cent increase in the Companys quarterly cash dividend over the same quarter of last year, or 3.3% higher, represents an annualized yield of 3.37% based on the Companys closing price of $36.78 on August 19, 2015. This increase marks the twenty-third (23rd) consecutive year of dividend increases for the... More
