Community Bank System hikes dividend by 2.4%

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Community Bank System (CBU) will raise its quarterly dividend by another 2.4 percent to 43 cents per share in 2021. This follows a 2.4 percent dividend hike to $0.42 per share in 2020 and also marks the 29th consecutive year of annual dividend increases by the financial company.

The next dividend will be payable on October 8, 2021 to shareholders of record as of September 15, 2021. A new annual rate of $1.72 per share yields 2.4% at a stock price of $71.76.

Community Bank System, Inc. operates customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont and Massachusetts through its banking subsidiary, Community Bank, N.A. The Company owns two subsidiaries: Community Bank, N.A. and Benefit Plans Administrative Services, Inc. It operates in three segments: banking, employee benefit services, and All Other (wealth management services, broker-dealer and investment advisory services).

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Nike hikes dividend by 2.5%

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On November 20, Nike (NKE) announced a 2.5% dividend increase , lifting its quarterly payout to $0.41 per share . Based on a share price of $63 , the dividend now yields 2.7% . This marks Nike’s 24th consecutive year of dividend growth.
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