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

Community Financial System, Inc. (NYSE:CBU) declared a quarterly dividend on Wednesday, October 21st. Investors of record on Tuesday, December 15th will be paid a dividend of $0.49 per share by the bank on Monday, January 11th. This represents a $1.96 annualized dividend 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% meaning its dividend is sufficiently covered by earnings. 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 Stock Up 2.4%

NYSE:CBU traded up $1.43 during trading hours on Thursday, reaching $62.17. The company had a trading volume of 26,085 shares, compared to its average volume of 262,467. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.29. 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 business’s 50-day simple moving average is $61.82 and its two-hundred day simple moving average is $63.51. Community Financial System has a twelve month low of $53.46 and a twelve month high of $71.11.

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