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NEW YORK ( TheStreet) -- The ex-dividend date for Community Bank System (NYSE: CBU) is tomorrow, March 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $27.16 as of 9:34 a.m. ET, the dividend yield is 3.9%. The average volume for Community Bank System has been 234,700 shares per day over the past 30 days. Community Bank System has a market cap of $1.04 billion and is part of the financial sector and banking industry. Shares are down 2% year to date as of the close of trading on Friday. Community Bank System, Inc. operates as the bank holding company for Community Bank, N.A. that provides various banking and financial services to retail, commercial, and municipal customers. The company has a P/E ratio of 13.4, below the average banking industry P/E ratio of 14.2 and below the S&P 500 P/E ratio of 17.7.