Codorus Valley Bancorp, Inc. Declares Quarterly Cash Dividend

Rhea-AI Summary

On April 12, 2022, Codorus Valley Bancorp (NASDAQ: CVLY) declared a quarterly cash dividend of $0.15 per common share, aligning with the previous quarter's amount. This dividend is set to be payable on May 10, 2022, to shareholders recorded as of April 26, 2022. PeoplesBank, the bank's wholly-owned subsidiary, has assets exceeding $2 billion and provides various financial services throughout South Central Pennsylvania and Central Maryland.

Positive

• Quarterly cash dividend of $0.15 per share provides consistent income for shareholders.
• PeoplesBank's substantial asset base of over $2 billion indicates strong financial stability.

Negative

• None.

YORK, Pa., April 13, 2022 (GLOBE NEWSWIRE) -- On April 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 May 10, 2022, to shareholders of record at the close of business on April 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	Larry D. Pickett, CPA - Treasurer
717-747-1501	717-747-1502
ckauffman@peoplesbanknet.com	lpickett@peoplesbanknet.com

FAQ

What is the dividend amount declared by CVLY?

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

When will the dividend be paid to shareholders of CVLY?

The dividend will be paid on May 10, 2022.

Who are the shareholders eligible for the CVLY dividend?

Shareholders of record at the close of business on April 26, 2022, are eligible.

How often does CVLY pay dividends?

Codorus Valley Bancorp pays dividends quarterly.