Community Bank System (CBU) Raises Quarterly Dividend 6.3% to $0.34; 2.6% Yield

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Go back to Community Bank System (CBU) Raises Quarterly Dividend 6.3% to $0.34; 2.6% Yield

Community Bank System, Inc. Announces Its 25th Consecutive Year of Dividend Increases

August 16, 2017 3:00 PM EDT

DEWITT, N.Y.--(BUSINESS WIRE)-- Community Bank System, Inc. (NYSE: CBU) announced that its Board of Directors declared a quarterly cash dividend of $0.34 per share on its common stock. The dividend will be payable on October 10, 2017 to shareholders of record as of September 15, 2017.

The two cent increase in the Companys quarterly cash dividend over the same quarter of last year, or 6.3% higher, represents an annualized yield of 2.55% based on the Companys closing price of $53.25 on August 15, 2017. This increase marks the twenty-fifth (25th) consecutive year of dividend increases for the Company. President... More