Community Bank System (CBU) Raises Quarterly Dividend 2.4% to $0.42; 2.8% Yield

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Go back to Community Bank System (CBU) Raises Quarterly Dividend 2.4% to $0.42; 2.8% Yield

Community Bank System, Inc. Announces Increase to Its Quarterly Dividend Resulting in Its 28th Consecutive Year of Dividend Increases

August 19, 2020 4:15 PM EDT

SYRACUSE, N.Y.--(BUSINESS WIRE)-- Community Bank System, Inc. (NYSE: CBU) (the Company) announced that it has declared a quarterly cash dividend of $0.42 per share on its common stock. The dividend will be payable on October 9, 2020 to shareholders of record as of September 15, 2020.

The $0.42 cash dividend represents a $0.01, or 2.4%, increase and an annualized yield of 2.86% based on the closing share price of $58.71 on August 18, 2020. This increase marks the twenty-eighth (28th) consecutive year of dividend increases for the Company. President and Chief Executive Officer, Mark E. Tryniski, commented, The payment of a... More