August 21, 2019

Community Bank System, Inc. Increases Quarterly Dividend $CBU




  • 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.”


For more information, visit www.communitybanksystem.com


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
DGR
DGR
DGR
DGR
1-yr
3-yr
5-yr
10-yr
7.7
4.7
4.9
5.1





Dividend Yield Chart:

Dividend Yield % : Close to 3-year high



This is the historical trailing annual dividend yield of Community Bank System Inc. Buying stocks at higher yield relative its historical values is usually more profitable.

Dividend Per Share History



This the dividend history of Community Bank System Inc

Payout Ratio:



This is the historical payout ratio of Community Bank System Inc. If payout ratio is close to or higher than 100%, dividends might not be sustainable.



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