Community Financial System, Inc. (CBU) to Issue Quarterly Dividend of $0.47 on April 10th

Community Financial System, Inc. (NYSE:CBUGet Free Report) announced a quarterly dividend on Wednesday, January 21st. Stockholders of record on Monday, March 16th will be paid a dividend of 0.47 per share by the bank on Friday, April 10th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Monday, March 16th.

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 payout ratio of 39.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Community Financial System to earn $4.80 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 39.2%.

Community Financial System Price Performance

Shares of NYSE CBU opened at $57.51 on Friday. The firm has a market cap of $3.03 billion, a PE ratio of 14.49 and a beta of 0.80. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.23. The business has a 50 day moving average price of $62.39 and a two-hundred day moving average price of $59.63. Community Financial System has a fifty-two week low of $49.44 and a fifty-two week high of $67.50.

Community Financial System (NYSE:CBUGet Free Report) last released its quarterly earnings results on Tuesday, January 27th. The bank reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.01). The company had revenue of $215.56 million for the quarter, compared to analyst estimates of $212.85 million. Community Financial System had a return on equity of 11.09% and a net margin of 20.82%.The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.94 EPS. Sell-side analysts expect that Community Financial System will post 4.18 earnings per share for the current fiscal year.

Community Financial System Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Community Financial System (NYSE:CBU)

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