Community Bank System, Inc. (NYSE:CBU) announced that it has declared a
quarterly cash dividend of $0.28 per share on its’ common stock. The
dividend will be payable on April 10, 2014 to shareholders of record as
of March 14, 2014. The $0.28 cash dividend represents an annualized
yield of 3.2% based on the closing share price of $ 35.03 on February
24, 2014.
Headquartered in DeWitt, N.Y., Community Bank System, Inc. has more than
$7.0 billion in assets and over 190 customer facilities. The Company’s
banking subsidiary, Community Bank, N.A. operates across Upstate New
York and Northeastern Pennsylvania. Its other subsidiaries include:
Benefit Plans Administrative Services, Inc., a national employee
benefits consulting and trust administration firm; the CBNA Insurance
Agency, with offices in five northern New York communities; Community
Investment Services, Inc., a wealth management firm delivering a wide
range of financial products throughout the Company's branch network; and
Nottingham Advisors, an investment management and advisory firm. For
more information, visit www.communitybankna.com.
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. The
following factors, among others, could cause the actual results of CBU’s
operations to differ materially from CBU’s expectations: the successful
integration of operations of its acquisitions; competition; changes in
economic conditions, interest rates and financial markets; and changes
in legislation or regulatory requirements. These statements are
based on the current beliefs and expectations of CBU’s management and
CBU does not assume any duty to update forward-looking statements.
Copyright Business Wire 2014