Codorus Valley Bancorp, Inc. Declares Quarterly Cash Dividend

Codorus Valley Bancorp (NASDAQ: CVLY) announced a quarterly cash dividend of $0.10 per common share, payable on November 10, 2020, for shareholders of record by the close of business on October 27, 2020.

Rhea-AI Summary

Codorus Valley Bancorp (NASDAQ: CVLY) announced a quarterly cash dividend of $0.10 per common share, payable on November 10, 2020, for shareholders of record by the close of business on October 27, 2020. As the parent company of PeoplesBank, Codorus Valley Bancorp operates with over $2 billion in assets, establishing itself as the largest independent financial institution in York County, Pennsylvania. The bank offers a full suite of financial services across South Central Pennsylvania and Central Maryland.

Positive

• Quarterly cash dividend of $0.10 per share enhances income for shareholders.
• Demonstrates company confidence and stability in operations.

Negative

• None.

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News Market Reaction – CVLY

In the trading session that priced this news, CVLY declined 1.10%, reflecting a mild negative market reaction.

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YORK, Pa., Oct. 14, 2020 (GLOBE NEWSWIRE) -- On October 13, 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 November 10, 2020, to shareholders of record at the close of business on October 27, 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 common share.

When is the dividend payment date for CVLY?

The dividend is payable on November 10, 2020.

Who are the shareholders of record for the dividend?

Shareholders of record at the close of business on October 27, 2020, will receive the dividend.

What financial services does PeoplesBank provide?

PeoplesBank offers consumer, business, wealth management, and mortgage services.