These 5 Companies Recently Increased Their Dividends

4. Community Bank System, Inc. (NYSE:CBU)

Dividend Yield as of July 21: 2.63%

Community Bank System, Inc. (NYSE:CBU) is a New York-based commercial bank, that offers a range of commercial and retail banking services.

At the end of Q1 2022, Community Bank System, Inc. (NYSE:CBU) reported cash and cash equivalents of over $1.02 billion, with total assets amounting to $15.6 billion, up from $15.4 billion in the previous quarter. On July 20, the company raised its quarterly dividend by 2.3% to $0.44 per share. The dividend is payable on October 10, for shareholders of record on September 15. The company has been raising its dividends consistently for the past 30 years. As of July 21, the stock’s dividend yield came in at 2.63%.

At the end of March 2022, 14 hedge funds held stakes in Community Bank System, Inc. (NYSE:CBU), the same as in the previous quarter, according to Insider Monkey’s database. The stakes owned by these hedge funds are collectively valued at $36.6 million. GLG Partners was the company’s leading shareholder in the first quarter of 2022.