Analyzing Codorus Valley Bancorp's Ex-Dividend Date

Codorus Valley Bancorp 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.