Codorus Valley Bancorp, Inc. Declares Quarterly Cash Dividend

Rhea-AI Summary

The Board of Directors of Codorus Valley Bancorp (NASDAQ: CVLY) declared a quarterly cash dividend of $0.15 per common share on January 11, 2022. This dividend is payable on February 8, 2022, to shareholders of record by January 25, 2022. This maintains the same dividend as the prior quarter. Codorus Valley Bancorp, headquartered in York County, Pennsylvania, operates with over $2 billion in assets through its subsidiary, PeoplesBank, offering various financial services in South Central Pennsylvania and Central Maryland.

Positive

• Quarterly cash dividend of $0.15 maintains shareholder income.
• Assets exceed $2 billion, indicating robust financial health.

Negative

• None.

YORK, Pa., Jan. 12, 2022 (GLOBE NEWSWIRE) -- On January 11, 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 February 8, 2022, to shareholders of record at the close of business on January 25, 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

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

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

When is the dividend payable to shareholders?

The dividend is payable on February 8, 2022.

What is the record date for the dividend payment?

The record date for the dividend payment is January 25, 2022.

How does the dividend compare to previous quarters?

The dividend remains the same as the prior quarter's cash dividend.