Codorus Valley Bancorp, Inc. Declares Quarterly Cash Dividend

The Board of Directors of Codorus Valley Bancorp has declared a quarterly cash dividend of $0.10 per share, payable on August 11, 2020, to shareholders of record by the close of business on July 28, 2020.

Rhea-AI Impact

(Moderate)

Rhea-AI Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Rhea-AI Summary

The Board of Directors of Codorus Valley Bancorp has declared a quarterly cash dividend of $0.10 per share, payable on August 11, 2020, to shareholders of record by the close of business on July 28, 2020. Codorus Valley Bancorp, the parent company of PeoplesBank, has over $2 billion in assets and operates as the largest independent financial institution in York County, Pennsylvania. Common stock trades on the NASDAQ under the symbol CVLY.

Positive

Quarterly cash dividend of $0.10 per share supports shareholder income.
Company's asset base exceeds $2 billion, indicating strong financial health.

Negative

None.

Argus Session date unavailable

-1.07% session move Open Argus

Details

News Market Reaction – CVLY

The recorded move for CVLY in the trading session of this news was -1.07%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

07/15/2020 - 09:15 AM EDT

YORK, Pa., July 15, 2020 (GLOBE NEWSWIRE) -- On July 14, 2020, 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 $0.10 per common share, payable on August 11, 2020, to shareholders of record at the close of business on July 28, 2020.

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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

Codorus Valley Bancorp declared a quarterly cash dividend of $0.10 per share.

When is the dividend payment date for CVLY?

The dividend is payable on August 11, 2020.

When is the record date for the dividend of CVLY?

The record date for the dividend is July 28, 2020.

What is the financial status of Codorus Valley Bancorp?

Codorus Valley Bancorp has assets over $2 billion, making it the largest independent financial institution in York County, Pennsylvania.

Codorus Valley Bancorp, Inc. Declares Quarterly Cash Dividend