Community Financial System, Inc. (NYSE:CBU) Goes Ex-Dividend Soon
Readers hoping to buy Community Financial System, Inc. (NYSE:CBU) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The company's next dividend payment will be US$0.46 per share, and in the last 12 months, the company paid a total of US$1.84 per share, resulting in a trailing yield of 3.1% on the current share price of US$59.56. Community Financial System has a payout ratio of 53%, which is relatively normal for most businesses, but earnings have been effectively flat over the past five years.
- The impending ex-dividend date highlights the importance of timing in investing for dividend income, and investors must be cautious not to miss out on this opportunity.
- What are the implications of Community Financial System's stagnant earnings growth on its long-term dividend sustainability, and how will it impact investor expectations?