CVB Financial Corp. Announces 129th Consecutive Cash Dividend

Rhea-AI Summary

CVB Financial Corp. (NASDAQ: CVBF) has announced a cash dividend of $0.18 per share for the fourth quarter of 2021. This decision was made during the Board of Directors meeting on December 15, 2021. The dividend is set to be paid on January 12, 2022, to shareholders recorded by December 29, 2021. The company's strong capital and liquidity levels reflect its impressive history of 178 consecutive quarters of profitability, allowing for 129 consecutive quarters of cash dividends.

Positive

• Announced a dividend of $0.18 per share, highlighting ongoing profitability.
• History of 178 consecutive quarters of profitability indicates stability and reliability.

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• None.

ONTARIO, Calif., Dec. 15, 2021 (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 2021. The dividend was approved at the Company’s regularly scheduled Board of Directors meeting held on December 15, 2021. The dividend will be payable on or about January 12, 2022 to shareholders of record as of December 29, 2021.

“The Company’s strong levels of capital and liquidity, combined with its history of 178 consecutive quarters of profitability, has allowed us to pay cash dividends to our shareholders for 129 consecutive quarters,” said David A. Brager, President and 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 $16 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 58 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
President and Chief Executive Officer
(909) 980-4030

 

FAQ

What is the dividend amount for CVBF in Q4 2021?

CVBF has declared a dividend of $0.18 per share for Q4 2021.

When will CVBF's Q4 2021 dividend be paid?

The dividend will be payable on January 12, 2022.

What is the record date for CVBF's dividend?

The record date for receiving the dividend is December 29, 2021.

How many consecutive quarters of dividends has CVBF paid?

CVBF has paid cash dividends for 129 consecutive quarters.

What is the significance of CVBF's 178 consecutive quarters of profitability?

It reflects the company's strong financial health and consistent performance.