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

Community Financial System, Inc. (NYSE:CBU) announced a quarterly dividend on Wednesday, October 21st. Investors 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 is Tuesday, December 15th.

Community Financial System has a payout ratio of 41.4% meaning its dividend is sufficiently covered by earnings. Equities research 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 Trading Up 2.4%

NYSE CBU traded up $1.43 on Thursday, reaching $62.17. The company had a trading volume of 26,085 shares, compared to its average volume of 262,467. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 14.43 and a beta of 0.76. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.77 and a quick ratio of 0.77. Community Financial System has a fifty-two week low of $53.46 and a fifty-two week high of $71.11. The business has a 50 day moving average of $61.82 and a two-hundred day moving average of $63.51.

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

Community Financial System Company Profile

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.