Community Bank System (CBU) Raises Quarterly Dividend 2.3% to $0.45; 3.6% Yield
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Community Bank System, Inc. Announces Increase to Its Quarterly Dividend Resulting in Its 31st Consecutive Year of Dividend Increases
July 19, 2023 4:30 PM EDTSYRACUSE, N.Y.--(BUSINESS WIRE)-- Community Bank System, Inc. (NYSE: CBU) (the Company) announced that it has declared a quarterly cash dividend of $0.45 per share on its common stock. The dividend will be payable on October 10, 2023 to shareholders of record as of September 15, 2023.
The $0.45 cash dividend represents a $0.01, or 2.27%, increase and an annualized yield of 3.71% based on the closing share price of $48.58 on July 18, 2023. 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
