CVB Financial Corp. Announces 134th Consecutive Cash Dividend

Rhea-AI Summary

CVB Financial Corp. (NASDAQ: CVBF) has declared a cash dividend of $0.20 per share for Q1 2023, approved in the Board meeting on March 22, 2023. This marks the 134th consecutive cash dividend paid to shareholders, reflecting the stability of Citizens Business Bank amidst economic uncertainties. The dividend will be payable on April 19, 2023, to shareholders of record by April 5, 2023. CVBF is one of California's top bank holding companies, with over $16 billion in assets and operating more than 60 banking centers across the state.

Positive

• Declaration of a $0.20 per share cash dividend for Q1 2023.
• 134th consecutive cash dividend indicates stability and confidence in the bank's performance.

Negative

• None.

ONTARIO, Calif., March 22, 2023 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ: CVBF) (the “Company”) announced a twenty cent ($0.20) per share cash dividend with respect to the first quarter of 2023. This dividend was approved at the Company’s regularly scheduled Board of Directors meeting held on March 22, 2023. The quarterly dividend will be payable on or about April 19, 2023 to shareholders of record as of April 5, 2023.

“We are pleased to announce our 134^th consecutive cash dividend paid to our shareholders. This speaks to the continuing stability of Citizens Business Bank’s customer focused business model during uncertain times,” 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 with more than 60 banking centers and 4 trust office locations serving 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.

Safe Harbor

Certain matters set forth herein constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including forward-looking statements relating to the Company's current business plans and expectations, growth projections, and our future financial position and operating results. Words such as “will likely result, “aims”, “anticipates”, “believes”, “could”, “estimates”, “expects”, “hopes”, “intends”, “may”, “plans”, “projects”, “seeks”, “should”, “will” and variations of these words and similar expressions help to identify these forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual results, performance and/or achievements to differ materially from those projected. These risks and uncertainties include, but are not limited to, all the risk factors set forth in the Company's public reports, including its Annual Report on Form 10-K for the year ended December 31, 2022, and particularly the discussion of risk factors within that document. The Company does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences or unanticipated events or circumstances after the date of such statements except as required by law.

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

FAQ

What is the dividend amount declared by CVB Financial Corp. for Q1 2023?

The dividend amount declared for Q1 2023 is $0.20 per share.

When will the dividend be paid to shareholders of CVBF?

The dividend will be payable on April 19, 2023.

What is the record date for the dividend payment of CVBF?

The record date for the dividend payment is April 5, 2023.

How many consecutive cash dividends has CVB Financial Corp. paid?

CVB Financial Corp. has paid 134 consecutive cash dividends.

What is the total asset value of CVB Financial Corp.?

CVB Financial Corp. has over $16 billion in total assets.