Community Bank System (CBU) Raises Quarterly Dividend 2.3% to $0.44; 2.7% Yield

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Community Bank System, Inc. Announces Increase to Its Quarterly Dividend Resulting in Its 30th Consecutive Year of Dividend Increases

July 20, 2022 5:15 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 $0.44 per share on its common stock. The dividend will be payable on October 10, 2022 to shareholders of record as of September 15, 2022.

The $0.44 cash dividend represents a $0.01, or 2.33%, increase and an annualized yield of 2.71% based on the closing share price of $64.88 on July 19, 2022. President and Chief Executive Officer, Mark E. Tryniski, commented, The payment of a meaningful and growing dividend is an important component of our commitment to provide consistent... More