CVB Financial Corp. Announces 130th Consecutive Cash Dividend

Rhea-AI Summary

CVB Financial Corp. (NASDAQ: CVBF) announced a cash dividend of $0.18 per share for Q1 2022, approved by the Board on March 23, 2022. The dividend will be payable around April 20, 2022, to shareholders on record by April 6, 2022. The company boasts strong capital and liquidity levels, alongside a consistent profitability streak of 179 quarters, enabling 130 consecutive quarters of dividend payments. With over $17 billion in assets, CVBF is among California's top ten bank holding companies, providing diverse banking services across multiple counties.

Positive

• Dividend of $0.18 per share announced for Q1 2022.
• Company has a strong capital and liquidity position.
• 179 consecutive quarters of profitability.
• 130 consecutive quarters of cash dividend payments.

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• None.

ONTARIO, Calif., March 23, 2022 (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 2022. The dividend was approved at the Company’s regularly scheduled Board of Directors meeting held on March 23, 2022. The dividend will be payable on or about April 20, 2022 to shareholders of record as of April 6, 2022.

“The Company’s strong levels of capital and liquidity, combined with its history of 179 consecutive quarters of profitability, has allowed us to pay cash dividends to our shareholders for 130 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 $17 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 with more than 60 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 Central 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 Q1 2022?

CVBF announced a cash dividend of $0.18 per share for Q1 2022.

When will the CVBF dividend be paid?

The dividend is scheduled to be paid on or about April 20, 2022.

What is the record date for CVBF's dividend?

The record date for the dividend is April 6, 2022.

How many consecutive quarters has CVBF paid dividends?

CVBF has paid dividends for 130 consecutive quarters.

How long has CVBF been profitable?

CVBF has maintained profitability for 179 consecutive quarters.