Community Financial System, Inc. (NYSE:CBU) Shareholders to Get $0.49 Quarterly Dividend

Community Financial System, Inc. (NYSE:CBU) declared a quarterly dividend on Wednesday, October 21st. Shareholders of record on Tuesday, December 15th will be given a dividend of $0.49 per share by the bank on Monday, January 11th. This represents a $1.96 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, December 15th.

Community Financial System has a payout ratio of 41.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Community Financial System to earn $5.18 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 37.8%.

Community Financial System Price Performance

Shares of CBU stock traded up $1.48 during trading hours on Thursday, hitting $62.22. 30,039 shares of the company’s stock were exchanged, compared to its average volume of 262,480. The stock’s 50-day moving average is $61.82 and its 200-day moving average is $63.51. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 14.43 and a beta of 0.76. Community Financial System has a 52 week low of $53.46 and a 52 week high of $71.11.

Community Financial System (NYSE:CBU) last released its quarterly earnings results on Tuesday, July 28th. The bank reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.02). The business had revenue of $218.45 million during the quarter, compared to the consensus estimate of $221.77 million. Community Financial System had a net margin of 21.79% and a return on equity of 11.47%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.04 earnings per share. As a group, research analysts forecast that Community Financial System will post 4.61 EPS for the current year.

About Community Financial System

Community Financial System, Inc (NYSE: CBU) is a diversified financial services company headquartered in DeWitt, New York. Formerly known as Community Bank System, Inc, the company traces its banking history to 1866 and operates through Community Bank, N.A., along with other financial services businesses.

Its banking operations provide consumer and commercial deposit accounts, residential and commercial lending, agricultural financing, municipal banking, cash management, and other financial products.