Codorus Valley Bancorp's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Codorus Valley Bancorp (NASDAQ:CVLY) announced a quarterly dividend of 17 cents per share, with the ex-dividend date set for Monday. Shareholders owning the stock by the end of Friday's session will be eligible for the dividend, which will be paid on February 13, 2024. The stock is expected to open 17 cents lower on the ex-dividend date.
January 17, 2024 | 2:45 pm
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Codorus Valley Bancorp will pay a quarterly dividend of 17 cents per share, with the ex-dividend date on Monday. The stock price is expected to open lower by the dividend amount on that day.
The stock price is likely to drop in the short term by the amount of the dividend as the ex-dividend date approaches, which is a common occurrence when stocks go ex-dividend. This is because the value of the dividend is no longer included in the stock price once the ex-dividend date passes.
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