Codorus Valley Bancorp Inc.'s board on Oct. 8 declared a 5% common stock dividend.

The stock dividend will be paid Dec. 10 to shareholders of record at the close of business on Oct. 22.

The board of the York, Pa.-based company also declared a regular quarterly cash dividend of 16 cents per common share, payable Nov. 12 to shareholders of record at the close of business on Oct. 22.