Community Bank System (CBU) Raises Quarterly Dividend 11.8% to $0.38; 2.4% Yield
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Community Bank System, Inc. Announces 12% or Four Cent Increase to Its Quarterly Dividend Resulting in Its 26th Consecutive Year of Dividend Increases
August 15, 2018 4:15 PM EDTSYRACUSE, N.Y.--(BUSINESS WIRE)-- Community Bank System, Inc. (NYSE: CBU) announced that it has declared a quarterly cash dividend of $0.38 per share on its common stock. The dividend will be payable on October 10, 2018 to shareholders of record as of September 14, 2018.
The $0.38 cash dividend represents a $0.04, or 12%, increase and an annualized yield of 2.34% based on the closing share price of $64.89 on August 14, 2018. This increase marks the twenty-sixth (26th) consecutive year of dividend increases for the Company. President and Chief Executive Officer, Mark E. Tryniski, commented, This dividend increase of four... More
