Skip to main content

Market Overview

Analyzing Codorus Valley Bancorp's Ex-Dividend Date

Share:

Codorus Valley Bancorp (NASDAQ:CVLY) declared a dividend payable on February 9, 2021 to its shareholders as of January 13, 2021. It was also announced that shareholders of Codorus Valley Bancorp's stock as of January 26, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. The ex-dividend date for Codorus Valley Bancorp is set for January 25, 2021. The company's current dividend payout sits at $0.11, equating to a dividend yield of 2.47% at current price levels.

What Are Ex-Dividend Dates?

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

Understanding Codorus Valley Bancorp's Dividend History

Over the past year, Codorus Valley Bancorp has experienced an overall downward trend regarding its dividend payouts and yields. Last year on April 27, 2020 the company's payout was $0.16, which has since decreased by $0.05. Similarly, Codorus Valley Bancorp's dividend yield last year was 4.54%, which has since declined by 2.07%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

Click here to find details on Codorus Valley Bancorp's previous dividends.

 

Related Articles (CVLY)

View Comments and Join the Discussion!

Posted-In: BZI-ExDivDividends

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com