Community Financial System, Inc. (NYSE:CBU) Declares Dividend Increase – $0.49 Per Share

Community Financial System, Inc. (NYSE:CBU) declared a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.49 per share by the bank on Tuesday, October 13th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Tuesday, September 15th. This is a 4.3% increase from Community Financial System’s previous quarterly dividend of $0.47.

Community Financial System has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 33 years. Community Financial System has a dividend payout ratio of 39.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Community Financial System to earn $5.28 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 35.6%.

Community Financial System Stock Down 0.9%

Shares of Community Financial System stock opened at $67.19 on Thursday. Community Financial System has a 52-week low of $51.12 and a 52-week high of $71.11. The company has a 50-day simple moving average of $65.18 and a two-hundred day simple moving average of $62.86. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a market capitalization of $3.53 billion, a PE ratio of 16.31 and a beta of 0.77.

Community Financial System (NYSE:CBU) last issued its earnings results on Wednesday, April 29th. The bank reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.05. Community Financial System had a net margin of 21.26% and a return on equity of 11.24%. The company had revenue of $213.69 million for the quarter, compared to analysts’ expectations of $216.36 million. During the same quarter last year, the company posted $0.98 earnings per share. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. On average, analysts anticipate that Community Financial System will post 4.7 EPS for the current fiscal year.

Community Financial System Company Profile

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.