Community Financial System Increases Its Quarterly Dividend From $0.45 To $0.46 Per Share
Portfolio Pulse from Benzinga Newsdesk
Community Financial System, Inc. (NYSE:CBU) announced an increase in its quarterly dividend from $0.45 to $0.46 per share, payable on October 10, 2024. This marks a 2.2% increase and an annualized yield of 3.25%. The company has consistently increased its dividend for 32 years.
July 17, 2024 | 8:34 pm
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Community Financial System, Inc. (NYSE:CBU) has increased its quarterly dividend from $0.45 to $0.46 per share, representing a 2.2% increase. This marks the 32nd consecutive year of dividend increases, reflecting the company's strong profitability and commitment to shareholder returns.
The increase in the quarterly dividend demonstrates the company's strong financial health and commitment to returning value to shareholders. This positive news is likely to boost investor confidence and support the stock price in the short term.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100