Community Bank System (CBU) Declares $0.46 Quarterly Dividend; 3.2% Yield
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Community Financial System, Inc. Announces Increase to Its Quarterly Dividend Resulting in Its 32nd Consecutive Year of Dividend Increases
July 17, 2024 4:30 PM EDTSYRACUSE, N.Y.--(BUSINESS WIRE)-- Community Financial System, Inc. (NYSE: CBU) (the Company) announced that it has declared a quarterly cash dividend of $0.46 per share on its common stock. The dividend will be payable on October 10, 2024 to shareholders of record as of September 13, 2024.
The $0.46 cash dividend represents a $0.01, or 2.2%, increase and an annualized yield of 3.25% based on the closing share price of $56.63 on July 16, 2024. President and Chief Executive Officer, Dimitar Karaivanov, commented, Our consistent profitability, rooted in our financial services business model, coupled with our strong cash flows, have positioned us to increase... More
