Community Financial System, Inc. Declares Quarterly Cash Dividend of $0.46 per Share

Community Financial System, Inc. (NYSE: CBU) has announced a quarterly cash dividend of $0.46 per share on its common stock. This represents a 2.2% increase and an annualized yield of 3.25% based on the closing share price on July 16, 2024. The dividend will be payable on October 10, 2024, to shareholders of record as of September 13, 2024.

President and Chief Executive Officer, Dimitar Karaivanov, expressed the company’s commitment to providing favorable long-term returns to shareholders. He highlighted the company’s consistent profitability and strong cash flows, which have allowed them to increase their dividend for 32 consecutive years. Over the last decade, the company has returned over $750 million to shareholders through dividends.

Community Financial System, Inc. is a diversified financial services company with a focus on banking, employee benefit services, insurance services, and wealth management services. Its banking subsidiary, Community Bank, N.A., is one of the country’s 100 largest banking institutions with over $15 billion in assets and operates approximately 200 customer facilities across several states.

The company’s Benefit Plans Administrative Services, Inc. subsidiary provides employee benefits administration, trust services, collective investment fund administration, and actuarial consulting services on a national scale. Additionally, its OneGroup NY, Inc. subsidiary is a top 75 U.S. insurance agency, and the company offers comprehensive financial planning, trust administration, and wealth management services through its Wealth Management operating unit.

Investors and shareholders can find more information about Community Financial System, Inc. on their website or the New York Stock Exchange under the symbol CBU. For further inquiries, individuals can contact Joseph E. Sutaris, EVP & Chief Financial Officer, at (315) 445-7396.

This news highlights the company’s commitment to providing value to its shareholders through consistent dividends and long-term growth strategies.