CVB Financial Corp. Announces 139th Consecutive Quarterly Cash Dividend

Rhea-AI Summary

CVB Financial Corp. (NASDAQ: CVBF) announced a $0.20 per share cash dividend for Q2 2024, marking its 139th consecutive quarterly cash payment. The dividend, approved during the Board of Directors meeting on June 26, 2024, will be payable on July 25, 2024, to shareholders on record as of July 11, 2024.

CVBF, the holding company for Citizens Business Bank, is one of California's 10 largest bank holding companies, boasting approximately $16 billion in total assets. The bank is renowned for its high performance and offers extensive banking, lending, and investment services through over 60 banking centers and three trust offices in California. Shares are traded on NASDAQ under the ticker 'CVBF'.

Positive

• Announcement of $0.20 per share dividend for Q2 2024.
• 139th consecutive quarterly cash dividend, indicating consistent shareholder returns.
• Scheduled payment date: July 25, 2024.
• Record date: July 11, 2024.

Negative

• No new significant financial metrics or performance data provided.

ONTARIO, CA, June 26, 2024 (GLOBE NEWSWIRE) -- CVB Financial Corp. (NASDAQ: CVBF) (the “Company”) announced a twenty cent ($0.20) per share cash dividend with respect to the second quarter of 2024. This dividend was approved at the Company’s regularly scheduled Board of Directors meeting held on June 26, 2024. The quarterly dividend will be payable on or about July 25, 2024 to shareholders of record as of July 11, 2024.

“We are pleased to announce our 139^th consecutive quarterly cash dividend paid to our shareholders,” 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 approximately $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 three 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 may 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, 2023, 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 announced by CVB Financial Corp. for Q2 2024?

CVB Financial Corp. announced a dividend of $0.20 per share for Q2 2024.

When will CVB Financial Corp. pay the Q2 2024 dividend?

The Q2 2024 dividend will be payable on or about July 25, 2024.

What is the record date for CVB Financial Corp.'s Q2 2024 dividend?

The record date for the Q2 2024 dividend is July 11, 2024.

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

CVB Financial Corp. has paid 139 consecutive quarterly cash dividends.

What is the ticker symbol for CVB Financial Corp.?

The ticker symbol for CVB Financial Corp. is CVBF.