CVB Financial Corp. Announces 125th Consecutive Cash Dividend

Rhea-AI Summary

CVB Financial Corp. (NASDAQ: CVBF) announced a cash dividend of $0.18 per share for Q4 2020, approved on December 16, 2020. This dividend is set to be paid on January 15, 2021, to shareholders recorded as of December 31, 2020. The company highlights its strong capital and liquidity, noting a record of 125 consecutive quarters of dividend payments, supported by 174 quarters of profitability. With assets exceeding $13 billion, CVBF operates Citizens Business Bank, serving multiple counties in California.

Positive

• Announced dividend of $0.18 per share, payable on January 15, 2021.
• Strong capital and liquidity position.
• History of 174 consecutive quarters of profitability.
• 125 consecutive quarters of dividend payments.

Negative

• None.

ONTARIO, Calif., Dec. 16, 2020 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ: CVBF) (the “Company”) announced an eighteen cent ($0.18) per share cash dividend with respect to the fourth quarter of 2020. The dividend was approved at the Company's regularly scheduled Board of Directors meeting held on December 16, 2020. The dividend will be payable on or about January 15, 2021 to shareholders of record as of December 31, 2020.

“The Company’s strong levels of capital and liquidity, combined with its history of 174 consecutive quarters of profitability, has allowed us to pay cash dividends to our shareholders for 125 consecutive quarters,” said David A. Brager, Chief Executive Officer.

Corporate Overview

CVB Financial Corp. (“CVBF”) is the holding company for Citizens Business Bank. CVBF is one of the 10 largest bank holding companies headquartered in California with over $13 billion in total assets. Citizens Business Bank is consistently recognized as one of the top performing banks in the nation and offers a wide array of banking, lending and investing services through 57 banking centers and 3 trust office locations serving the Inland Empire, Los Angeles County, Orange County, San Diego County, Ventura County, Santa Barbara County, and the Central Valley area of California.

Shares of CVB Financial Corp. common stock are listed on the NASDAQ under the ticker symbol “CVBF”. For investor information on CVBF, visit our Citizens Business Bank website at www.cbbank.com and click on the “Investors” tab.

Contact: David A. Brager
Chief Executive Officer
(909) 980-4030

FAQ

What is the dividend amount for CVBF announced in December 2020?

CVB Financial Corp. announced a cash dividend of $0.18 per share for Q4 2020.

When will the dividend for CVBF be paid?

The dividend will be payable on or about January 15, 2021.

What is the record date for CVBF's dividend payment?

Shareholders of record as of December 31, 2020, will receive the dividend.

How many consecutive quarters has CVBF paid dividends?

CVBF has paid cash dividends for 125 consecutive quarters.

What is the significance of CVBF's 174 consecutive quarters of profitability?

It reflects the company's consistent financial performance, supporting its dividend policy.