Community Bank System, Inc. (NYSE:CBU) announced that it has declared a
quarterly cash dividend of $0.30 per share on its’ common stock. The
dividend will be payable on January 9, 2015 to shareholders of record as
of December 15, 2014. The $0.30 cash dividend represents an annualized
yield of 3.2% based on the closing share price of $37.54 on November 24,
2014.
Community Bank System, Inc. operates more than 190 customer facilities
across Upstate New York and Northeastern Pennsylvania through its
banking subsidiary, Community Bank, N.A. With assets of approximately
$7.5 billion, the DeWitt, N.Y. headquartered company is among the
country’s 150 largest financial institutions. In addition to a full
range of retail and business banking services, the Company offers
comprehensive financial planning and wealth management services and
operates a full service insurance agency providing personal and business
insurance products. The Company’s Benefit Plans Administrative Services,
Inc. subsidiary is a leading provider of employee benefits
administration and trust services, actuarial and consulting services to
customers on a national scale. Community Bank System, Inc. is listed on
the New York Stock Exchange and the Company’s stock trades under the
symbol CBU. For more information about Community Bank visit www.communitybankna.com
or http://ir.communitybanksystem.com.
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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