Community Financial System, Inc. (NYSE:CBU) Plans Quarterly Dividend of $0.47

Community Financial System, Inc. (NYSE:CBU) announced a quarterly dividend on Wednesday, April 22nd. Shareholders of record on Monday, June 15th will be paid a dividend of 0.47 per share by the bank on Friday, July 10th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, June 15th.

Community Financial System has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 33 consecutive years. Community Financial System has a dividend payout ratio of 39.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Community Financial System to earn $5.29 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 35.5%.

Community Financial System Stock Performance

CBU opened at $62.46 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market cap of $3.28 billion, a PE ratio of 15.73 and a beta of 0.77. The stock has a 50-day moving average of $60.67 and a 200-day moving average of $59.64. Community Financial System has a 52-week low of $51.12 and a 52-week high of $67.50.

Community Financial System (NYSE:CBU) last issued its quarterly earnings data on Tuesday, January 27th. The bank reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.01). Community Financial System had a net margin of 20.82% and a return on equity of 11.09%. The company had revenue of $215.56 million during the quarter, compared to the consensus estimate of $212.85 million. During the same period in the previous year, the business posted $0.94 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. As a group, equities research analysts forecast that Community Financial System will post 4.67 earnings per share for the current fiscal year.

About Community Financial System

Community Financial System (NYSE: CBU) is the bank holding company for Community Bank, National Association, a full-service commercial bank headquartered in DeWitt, New York. Through its principal subsidiary, the company offers a range of banking and financial services designed to meet the needs of both consumer and business clients. Its organizational structure centers on community-based banking operations supported by centralized technology, risk management and administrative functions.

The company’s product offerings include deposit accounts, residential and commercial mortgage loans, commercial and consumer lending, treasury and cash management services, and electronic banking.