8-K

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): October 18, 2005

Juniata Valley Financial Corp.
__________________________________________
(Exact name of registrant as specified in its charter)

Pennsylvania	0-13232	232235254
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
Bridge and Main Streets, Mifflintown, Pennsylvania		17059
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code: 717-436-8211

Not Applicable
______________________________________________
Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

On October 18, 2005, the Board of Directors of Juniata Valley Financial Corp. declared a cash dividend of $.31 to shareholders of record November 1, 2005, payable on December 1, 2005. A copy of the press release announcing the dividend is being furnished as Exhibit 99.1 to this report.

On October 18, 2005, the Board of Directors of Juniata Valley Financial Corp. authorized the repurchase of an additional 200,000 shares in conjunction with their Treasury Stock Buyback program. The press release announcing the authorization of these additional shares is being furnished as Exhibit 99.1 to this report.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Juniata Valley Financial Corp.
October 20, 2005	By:	JoAnn McMinn
		Name: JoAnn McMinn
		Title: SVP and Chief Financial Officer

Exhibit Index

Exhibit No.	Description
99.1	Press Release - 10/20/2005

EX-99.1

JUNIATA VALLEY FINANCIAL CORP. ANNOUNCES CASH DIVIDEND
AND SHARE REPURCHASE PROGRAM

Mifflintown, PA – The Board of Directors of the Juniata Valley Financial Corp. (OTC-BB: JUVF.OB), recently approved a Cash Dividend of $.31 per share, payable on December 1, 2005, to shareholders of record as of November 1, 2005. This dividend follows a 2 for 1 split that was declared by the Board of Directors on September 20, 2005 to shareholders of record as of October 17, 2005, to be distributed on October 31, 2005.

On a comparative basis, the $.31 dividend represents a 3.3% increase over the June 1, 2005 dividend of $.30 (restated for the effect of the stock split).

For the year-to-date, with all prior periods restated to reflect the 2 for 1 split, dividends per share have increased by 3.7% from $1.07 in 2004 to $1.11 in 2005.

The Board of Directors recently authorized an additional 200,000 shares to be repurchased in its current Treasury Buyback Program, adding to the remaining 32,248 shares already authorized for the Buyback Program. The 232,248 shares authorized are stated on a post-split basis.

Francis J. Evanitsky, President and CEO of Juniata Valley Financial Corp., stated, “We are pleased to be in a position to again increase our dividend to our loyal shareholders.”

The Juniata Valley Bank was chartered in 1867 and has 11 offices serving Juniata, Mifflin, Perry and Huntingdon counties. More information regarding The Juniata Valley Bank can be found online at www.jvbonline.com.