Codorus Valley Bancorp, Inc. Declares Quarterly Cash Dividend

On July 12, 2022, Codorus Valley Bancorp, Inc. (NASDAQ: CVLY) declared a quarterly cash dividend of $0.15 per common share, maintaining the previous quarter’s level.

Rhea-AI Summary

On July 12, 2022, Codorus Valley Bancorp, Inc. (NASDAQ: CVLY) declared a quarterly cash dividend of $0.15 per common share, maintaining the previous quarter’s level. The dividend is payable on August 9, 2022, to shareholders on record by July 26, 2022. PeoplesBank, its wholly owned subsidiary, has over $2 billion in assets and offers diverse financial services across South Central Pennsylvania and Central Maryland.

Positive

• Quarterly cash dividend maintained at $0.15 per share, indicating steady shareholder returns.
• PeoplesBank's strong asset base of over $2 billion highlights financial stability.

Negative

• None.

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News Market Reaction – CVLY

In the trading session that priced this news, CVLY declined 0.09%, reflecting a mild negative market reaction.

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YORK, Pa., July 13, 2022 (GLOBE NEWSWIRE) -- On July 12, 2022, 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 $0.15 per common share, payable on August 9, 2022, to shareholders of record at the close of business on July 26, 2022, which is the same as the prior quarter’s 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.   Craig L. Kauffman, President/CEO 717-747-1501  ckauffman@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 in July 2022?

Codorus Valley Bancorp declared a quarterly cash dividend of $0.15 per common share.

When is the dividend payment date for CVLY shareholders?

The dividend is payable on August 9, 2022.

What is the record date for the dividend payment?

Shareholders must be on record by July 26, 2022, to receive the dividend.

How does the dividend compare to previous quarters?

The dividend of $0.15 is the same as the previous quarter.

What financial services does PeoplesBank offer?

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