Community Bank System Inc Dividends
The next dividend date for Community Bank System Inc has not yet been scheduled.
What is a Dividend Date
When we talk about a dividend date, we’re referring specifically to the ex-dividend date.
This is the date on which all stockholders will earn a dividend. Technically, a person needs to be the owner of a share of stock as of the night before the ex-dividend date in order to earn the dividend.
The ex-dividend date is different than the date when the dividend is issued. Although you earn a dividend on the ex-dividend date, that dividend is typically not disbursed to your account until several weeks later.
Most brokerages will automatically credit the dividend to your account once it’s issued.
Historical Dividends for Community Bank System Inc (CBU)
More About Community Bank System Inc
Community Financial System, Inc. operates as the bank holding company for Community Bank, N.A. that provides various banking and other financial services to retail, commercial, institutional, and municipal customers. It operates in three segments: Banking, Employee Benefit Services, and All Other. The company offers various deposits products, such as interest and noninterest-bearing checking, savings, and money market deposit accounts, as well as time deposits. It also provides loans, such as consumer mortgages; general purpose commercial and industrial loans, and mortgages on commercial properties; paycheck protection program loans; installment loans that are originated through selected dealerships and are secured by automobiles, marine, and other recreational vehicles; personal installment loans and check credit lines of credit for consumers; and home equity products. In addition, the company offers broker-dealer and investment advisory; cash management, investment, and treasury services; asset management services; and employee benefit services, as well as operates as a full-service insurance agency that offers personal and commercial lines of insurance, and other risk management products and services. Further, it offers contribution plan administration, employee benefit trust, collective investment fund, retirement plan administration and benefit consulting, fund administration, transfer agency, actuarial and benefit consulting, and health and welfare consulting services; and act as an investor in residential and commercial real estate activities. Additionally, the company offers wealth management, retirement planning, higher educational planning, fiduciary, risk management, trust, and personal financial planning services; and investment alternatives, including stocks, bonds, mutual funds, and insurance and advisory products, as well as master recordkeeping services. Community Financial System, Inc. was founded in 1866 and is headquartered in Dewitt, New York.
Owning Community Bank System Inc Stock on the Dividend Date
If you own Community Bank System Inc stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Community Bank System Inc stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of Community Bank System Inc stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Community Bank System Inc stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Community Bank System Inc dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More Community Bank System Inc Dividends
You can contact us any time if you would like to ask questions about Community Bank System Inc dividends or anything else related to the stock market.