Codorus Valley Bancorp, Inc. Declares Quarterly Cash Dividend and Special Dividend

Rhea-AI Summary

On July 13, 2021, Codorus Valley Bancorp (NASDAQ: CVLY) declared a regular quarterly cash dividend of $0.11 per common share and a special cash dividend of $0.02 per common share, both payable on August 10, 2021. Shareholders of record by July 27, 2021 will receive these dividends, unchanged from the previous quarter. PeoplesBank, a subsidiary of Codorus Valley, holds over $2 billion in assets, offering a comprehensive suite of banking services in Pennsylvania and Maryland.

Positive

• Declared a regular cash dividend of $0.11 per share, maintaining shareholder income.
• Introduced a special cash dividend of $0.02 per share, showing company confidence.

Negative

• None.

YORK, Pa., July 14, 2021 (GLOBE NEWSWIRE) -- On July 13, 2021, the Board of Directors of Codorus Valley Bancorp, Inc. (Nasdaq: CVLY), the parent company of PeoplesBank, A Codorus Valley Company, declared a regular quarterly cash dividend of $0.11 per common share, payable on August 10, 2021, to shareholders of record at the close of business on July 27, 2021, which is the same as the prior quarter’s regular cash dividend. In addition, the Board declared a special cash dividend of $0.02 per common share, payable on August 10, 2021, to shareholders of record at the close of business on July 27, 2021, which is the same as the prior quarter’s special cash dividend.

With assets of over $2 billion, PeoplesBank, A Codorus Valley Company, is a wholly owned subsidiary of Codorus Valley Bancorp, Inc., the largest independent financial institution headquartered in York County, Pennsylvania. PeoplesBank offers a full range of consumer, business, wealth management, and mortgage services at financial centers located in communities throughout South Central Pennsylvania and Central Maryland. Codorus Valley Bancorp, Inc.’s Common Stock is listed on the NASDAQ Global Market under the symbol CVLY. 

Questions or comments concerning this Press Release should be directed to:

	Codorus Valley Bancorp, Inc.
	Larry J. Miller, Chairman, President and CEO 717-747-1500 lmiller@peoplesbanknet.com	Larry D. Pickett, CPA - Treasurer 717-747-1502 lpickett@peoplesbanknet.com

 

FAQ

What is the dividend amount declared by Codorus Valley Bancorp (CVLY)?

Codorus Valley Bancorp declared a regular cash dividend of $0.11 per share and a special cash dividend of $0.02 per share.

When will the dividends for CVLY be paid?

The dividends will be paid on August 10, 2021.

What is the record date for the CVLY dividends?

The record date for the dividends is July 27, 2021.

How often does Codorus Valley Bancorp pay dividends?

Codorus Valley Bancorp pays dividends quarterly.

How much are the total dividends shareholders will receive from CVLY?

Shareholders will receive a total of $0.13 per share ($0.11 regular + $0.02 special) in dividends.