CVB Financial Corp. Announces 127th Consecutive Cash Dividend

Rhea-AI Summary

CVB Financial Corp. (NASDAQ: CVBF) declared an 18-cent cash dividend per share for Q2 2021, approved during the Board meeting on June 16, 2021. This dividend is set to be paid on or about July 15, 2021, to shareholders of record as of June 30, 2021. CEO David A. Brager emphasized the company's strong capital and liquidity, noting 176 consecutive quarters of profitability and 127 consecutive quarters of cash dividends paid to shareholders. CVBF operates Citizens Business Bank with over $14 billion in total assets across 57 banking centers in California.

Positive

• Declared an 18-cent cash dividend per share.
• Strong capital and liquidity position.
• Historical profitability of 176 consecutive quarters.
• Maintained cash dividends for 127 consecutive quarters.

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• None.

ONTARIO, Calif., June 16, 2021 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ: CVBF) (the “Company”) announced an eighteen cent ($0.18) per share cash dividend with respect to the second quarter of 2021. The dividend was approved at the Company’s regularly scheduled Board of Directors meeting held on June 16, 2021. The dividend will be payable on or about July 15, 2021 to shareholders of record as of June 30, 2021.

 

“The Company’s strong levels of capital and liquidity, combined with its history of 176 consecutive quarters of profitability, has allowed us to pay cash dividends to our shareholders for 127 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 declared by CVBF for Q2 2021?

CVBF declared an 18-cent cash dividend per share for Q2 2021.

When will the CVBF dividend be paid?

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

What is the significance of CVBF's 176 consecutive quarters of profitability?

It highlights the company's ability to maintain a stable financial performance over decades.

How long has CVBF been paying cash dividends?

CVBF has paid cash dividends for 127 consecutive quarters.