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

Rhea-AI Summary

Codorus Valley Bancorp, Inc. (NASDAQ: CVLY) has declared a quarterly cash dividend of $0.11 per share, marking a 10% increase from the previous quarter’s $0.10 dividend. Additionally, a special cash dividend of $0.02 per share has been declared. Both dividends will be paid on February 9, 2021, to shareholders of record by January 26, 2021. With over $2 billion in assets, Codorus Valley is the largest independent financial institution in York County, Pennsylvania, providing a diverse range of banking services.

Positive

• Quarterly cash dividend increased by 10% to $0.11 per share.
• Special cash dividend of $0.02 per share declared, enhancing shareholder income.

Negative

• None.

YORK, Pa., Jan. 13, 2021 (GLOBE NEWSWIRE) -- On January 12, 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 February 9, 2021, to shareholders of record at the close of business on January 26, 2021, which represents a 10 percent increase over the prior quarter’s dividend of $0.10 per common share. In addition, the Board declared a special cash dividend of $0.02 per common share, payable on February 9, 2021, to shareholders of record at the close of business on January 26, 2021. 

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		Larry D. Pickett, CPA - Treasurer
717-747-1500		717-747-1502
lmiller@peoplesbanknet.com		lpickett@peoplesbanknet.com

 

FAQ

What is the dividend amount announced by CVLY?

Codorus Valley Bancorp announced a quarterly cash dividend of $0.11 per share and a special cash dividend of $0.02 per share.

When will the dividend be paid to shareholders of CVLY?

The dividends will be paid on February 9, 2021.

What is the record date for the dividend payment of CVLY?

The record date for the dividend payment is January 26, 2021.

How much is the increase in the quarterly cash dividend for CVLY?

The quarterly cash dividend has increased by 10% from $0.10 to $0.11 per share.

What financial services does Codorus Valley Bancorp provide?

Codorus Valley Bancorp offers a full range of consumer, business, wealth management, and mortgage services.