Community Bank System's most recent quarterly dividend payment of $0.45 per share was made to shareholders on record before Mar 14, 2024. At an annualized rate of $1.79 per share, the stock yields 4.01%.
CBU has a dividend yield of 4.01% which is above the Financial Services sector and the industry average but below its peers average. Compared to its Financial Services sector average of 3.41%, Community Bank System's dividend yield is 18% higher. The current dividend yield is above the historical average of 2.8% of the last 5 years.
Community Bank System has been paying dividends for the last 30 years. According to our data CBU has issued four quarterly dividends in the last twelve months. The annualized DPS has an increase of 2.3% for the last year. And since the stock price has gone down by 3.2% from a year ago, the dividend yield has an increase of 6%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Mar 14, 2024 | Apr 10, 2024 | Feb 14, 2024 | $0.45 | normal |
| Dec 14, 2023 | Jan 10, 2024 | Nov 15, 2023 | $0.45 | normal |
| Sep 14, 2023 | Oct 10, 2023 | Jul 19, 2023 | $0.45 | normal |
| Jun 14, 2023 | Jul 10, 2023 | May 17, 2023 | $0.44 | normal |
| Mar 14, 2023 | Apr 10, 2023 | Feb 15, 2023 | $0.44 | normal |
| Dec 14, 2022 | Jan 10, 2023 | Nov 16, 2022 | $0.44 | normal |
| Sep 14, 2022 | Oct 10, 2022 | Jul 20, 2022 | $0.44 | normal |
| Jun 14, 2022 | Jul 11, 2022 | May 18, 2022 | $0.43 | normal |
| Mar 14, 2022 | Apr 11, 2022 | Feb 16, 2022 | $0.43 | normal |
| Dec 14, 2021 | Jan 10, 2022 | Nov 18, 2021 | $0.43 | normal |
| Sep 14, 2021 | Oct 8, 2021 | Jul 21, 2021 | $0.43 | normal |
| Jun 14, 2021 | Jul 9, 2021 | May 13, 2021 | $0.42 | normal |
| Mar 12, 2021 | Apr 9, 2021 | Feb 17, 2021 | $0.42 | normal |
| Dec 11, 2020 | Jan 11, 2021 | Nov 18, 2020 | $0.42 | normal |
| Sep 14, 2020 | Oct 9, 2020 | Aug 19, 2020 | $0.42 | normal |
| Jun 12, 2020 | Jul 10, 2020 | May 20, 2020 | $0.41 | normal |
| Mar 13, 2020 | Apr 9, 2020 | Feb 20, 2020 | $0.41 | normal |
| Dec 12, 2019 | Jan 10, 2020 | Nov 20, 2019 | $0.41 | normal |
| Sep 13, 2019 | Oct 10, 2019 | Aug 21, 2019 | $0.41 | normal |
| Jun 13, 2019 | Jul 10, 2019 | May 16, 2019 | $0.38 | normal |
| Mar 14, 2019 | Apr 10, 2019 | Feb 21, 2019 | $0.38 | normal |
| Dec 13, 2018 | Jan 10, 2019 | Nov 21, 2018 | $0.38 | normal |
| Sep 13, 2018 | Oct 10, 2018 | Aug 15, 2018 | $0.38 | normal |
| Jun 14, 2018 | Jul 10, 2018 | May 17, 2018 | $0.34 | normal |
| Mar 14, 2018 | Apr 10, 2018 | Feb 21, 2018 | $0.34 | normal |
| Dec 14, 2017 | Jan 10, 2018 | Nov 16, 2017 | $0.34 | normal |
| Sep 14, 2017 | Oct 10, 2017 | Aug 16, 2017 | $0.34 | normal |
| Jun 13, 2017 | Jul 10, 2017 | May 18, 2017 | $0.32 | normal |
| Mar 13, 2017 | Apr 10, 2017 | Feb 21, 2017 | $0.32 | normal |
| Dec 13, 2016 | Jan 10, 2017 | Nov 18, 2016 | $0.32 | normal |
| Sep 13, 2016 | Oct 10, 2016 | $0.32 | normal | |
| Jun 13, 2016 | Jul 11, 2016 | May 20, 2016 | $0.31 | normal |
| Mar 11, 2016 | Apr 11, 2016 | Feb 18, 2016 | $0.31 | normal |
CBU has a payout ratio of 73.1% which is higher than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 39.6%, Community Bank System's payout ratio is 85% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| FLIC First Of Long Island Corp | 8.03% | $0.84 | 72.4% |
| FISI Financial Institutions Inc | 6.99% | $1.2 | 37.9% |
| TMP Tompkins Financial Corp | 5.2% | $2.4 | 363.6% |
| EVBN Evans Bancorp Inc | 5.05% | $1.32 | 29.4% |
| AROW Arrow Financial Corp | 4.7% | $1.06 | 60.1% |
| CBU Community Bank System Inc | 4.02% | $1.79 | 73.1% |
| NBTB Nbt Bancorp Inc | 3.49% | $1.26 | 47.2% |
| CHMG Chemung Financial Corp | 2.85% | $1.24 | 23.5% |
Yes, Community Bank System has paid four dividends in the last 12 months. CBU has been paying dividends since 1994.
Currently CBU's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in June 2024.
Community Bank System's last dividend ex-date was on Mar 14, 2024. The dividend amount was $0.45 per share.
CBU has paid dividend of $1.79 per share in the last year.
Community Bank System's current dividend yield is 4.01%.
Community Bank System pays four dividends per year.
The dividend payout ratio of Community Bank System is 73.1%.
Community Bank System's dividend yield is above the Financial Services sector average.