CVB Financial Corp. Announces 126th Consecutive Cash Dividend

Rhea-AI Summary

CVB Financial Corp. (NASDAQ: CVBF) declared a cash dividend of $0.18 per share for Q1 2021, approved on March 17, 2021. This dividend will be payable on or about April 14, 2021, to shareholders of record as of March 31, 2021. The company has maintained a robust capital and liquidity position, boasting 175 consecutive quarters of profitability, allowing for 126 straight quarters of cash dividends to shareholders. With over $14 billion in total assets, CVBF ranks among the top 10 bank holding companies in California.

Positive

• Declaration of $0.18 cash dividend per share for Q1 2021.
• History of 175 consecutive quarters of profitability.
• 126 consecutive quarters of cash dividends paid to shareholders.
• Total assets exceeding $14 billion, indicating strong financial health.

Negative

• None.

ONTARIO, Calif., March 17, 2021 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ: CVBF) (the “Company”) announced an eighteen cent ($0.18) per share cash dividend with respect to the first quarter of 2021. The dividend was approved at the Company’s regularly scheduled Board of Directors meeting held on March 17, 2021. The dividend will be payable on or about April 14, 2021 to shareholders of record as of March 31, 2021.

“The Company’s strong levels of capital and liquidity, combined with its history of 175 consecutive quarters of profitability, has allowed us to pay cash dividends to our shareholders for 126 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 $14 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 in Q1 2021?

CVBF declared a dividend of $0.18 per share for Q1 2021.

When will the CVBF dividend be paid?

The dividend will be payable on or about April 14, 2021.

What is the record date for CVBF's Q1 2021 dividend?

The record date for the dividend is March 31, 2021.

How long has CVBF been paying dividends?

CVBF has paid cash dividends for 126 consecutive quarters.

What is the financial status of CVBF?

CVBF has over $14 billion in total assets and a history of strong profitability.