- Community Bank System (NYSE:CBU) declares $0.41/share quarterly dividend, 7.9% increase from prior dividend of $0.38.
- Forward yield 2.67%
- Payable October 10; for shareholders of record September 16; ex-div September 13.
Community
Bank System, Inc. (NYSE:CBU) (the “Company”) announced that it has declared a
quarterly cash dividend of $0.41 per share on its common stock. The dividend
will be payable on October 10, 2019 to shareholders of record as of September
16, 2019.
The
$0.41 cash dividend represents a $0.03, or 8%, increase and an annualized yield
of 2.68% based on the closing share price of $61.27 on August 20, 2018. This
increase marks the twenty-seventh (27th) consecutive year of dividend increases
for the Company. 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 and favorable long term returns
to our shareholders. The increase reflects the continued strength of both our
current operating performance and capital position.”
According
to the list of U.S. Dividend Champions, Community Bank System, Inc. is a
Dividend Champions. CBU has a 27-year dividend raising streak.
Dividend Growth Rates
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DGR
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DGR
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DGR
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DGR
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1-yr
|
3-yr
|
5-yr
|
10-yr
|
7.7
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4.7
|
4.9
|
5.1
|
Dividend
Yield Chart:
Dividend
Yield % : Close to 3-year high
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