Community Financial System, Inc. (NYSE:CBU) Plans Quarterly Dividend of $0.47

Community Financial System, Inc. (NYSE:CBU) declared a quarterly dividend on Wednesday, April 22nd. Stockholders of record on Monday, June 15th will be paid a dividend of 0.47 per share by the bank on Friday, July 10th. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, June 15th.

Community Financial System has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 33 consecutive years. Community Financial System has a dividend payout ratio of 39.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Community Financial System to earn $5.29 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 35.5%.

Community Financial System Price Performance

Shares of CBU opened at $62.46 on Thursday. The firm has a market capitalization of $3.28 billion, a PE ratio of 15.73 and a beta of 0.77. The company’s 50-day moving average is $60.67 and its 200-day moving average is $59.64. Community Financial System has a fifty-two week low of $51.12 and a fifty-two week high of $67.50. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.76.

Community Financial System (NYSE:CBU) last issued its quarterly earnings data on Tuesday, January 27th. The bank reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.01). The company had revenue of $215.56 million during the quarter, compared to the consensus estimate of $212.85 million. Community Financial System had a net margin of 20.82% and a return on equity of 11.09%. Community Financial System’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.94 earnings per share. Equities analysts forecast that Community Financial System will post 4.67 EPS for the current year.

Community Financial System Company Profile

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.