Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) to Issue Quarterly Dividend of $0.17

Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) declared a quarterly dividend on Tuesday, April 9th, Zacks reports. Investors of record on Tuesday, May 7th will be paid a dividend of 0.17 per share by the financial services provider on Tuesday, May 14th. This represents a $0.68 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Monday, May 6th.

Codorus Valley Bancorp has increased its dividend by an average of 8.3% per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Codorus Valley Bancorp has a dividend payout ratio of 34.0% meaning its dividend is sufficiently covered by earnings.

Codorus Valley Bancorp Stock Up 0.4 %

Shares of Codorus Valley Bancorp stock opened at $22.49 on Friday. The company has a market cap of $217.25 million, a price-to-earnings ratio of 9.74 and a beta of 0.56. The company’s 50 day moving average is $22.28 and its 200 day moving average is $22.41. Codorus Valley Bancorp has a twelve month low of $16.00 and a twelve month high of $25.88. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.21.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Codorus Valley Bancorp in a research report on Monday, April 29th. They issued a “hold” rating on the stock.

About Codorus Valley Bancorp

Codorus Valley Bancorp, Inc operates as the bank holding company for the PeoplesBank that provides community banking services in South Central Pennsylvania and Central Maryland. The company accepts demand, money market, time, and savings deposits, as well as certificates of deposit and checking account.