Community Bank System Stock To Go Ex-dividend Tomorrow (CBU)

NEW YORK ( TheStreet) -- The ex-dividend date for Community Bank System (NYSE: CBU) is tomorrow, June 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 $26.02 as of 9:35 a.m. ET, the dividend yield is 3.9%.

The average volume for Community Bank System has been 215,000 shares per day over the past 30 days. Community Bank System has a market cap of $1.05 billion and is part of the financial sector and banking industry. Shares are down 8.1% year to date as of the close of trading on Monday.

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 13.2, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Community Bank System as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Community Bank System Ratings Report.

See our dividend calendar or top-yielding stocks list.

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