Ex-Dividend Date Insight: Codorus Valley Bancorp

Codorus Valley Bancorp CVLY declared a dividend payable on August 10, 2021 to its shareholders as of July 14, 2021. It was also announced that shareholders of Codorus Valley Bancorp's stock as of July 27, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Codorus Valley Bancorp, which has a current dividend per share of $0.11, has an ex-dividend date scheduled for July 26, 2021. That equates to a dividend yield of 2.01% at current price levels.

The Significance Of An Ex-Dividend Date

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. 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 seen its dividend payouts remain the same and its yields trend downward. Last year on January 25, 2021 the company's payout sat at $0.11, which has returned to its value today. Codorus Valley Bancorp's dividend yield last year was 2.47%, which has since decreased by 0.46%.
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.