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Showing posts with the label CVB Financial

CVB Financial hikes dividend by 5.3%

On September 22, 2022, CVB Financial Corp (CVBF) announced a 5.3% dividend hike to $0.20 quarterly per share. This is the second hike announced by CVBF in 2022 and comes after a 5.6 percent dividend increase to $0.19 quarterly per share.  This represents the company’s 132nd consecutive quarterly cash dividend. The next quarterly CVBF dividend will be payable on or about October 20, 2022 to shareholders of record as of October 5, 2022. A new annual dividend rate of 80 cents yields 3.0% at a stock price of $26.17. “Our Company’s strong levels of capital and liquidity, combined with our remarkable history of 181 consecutive quarters of profitability, has allowed us to pay cash dividends to our shareholders for 132 consecutive quarters,” said David A. Brager, President and Chief Executive Officer. “We are pleased to be increasing our quarterly dividend by 5%. We believe this higher dividend, combined with our common stock repurchase plan, demonstrate our continuing commitment to provid...

CVB Financial hikes dividend by 5.6%

CVB Financial Corp (CVBF) on June 15, 2022 announced a 5.6 percent dividend increase to $0.19 quarterly per share. This dividend increase was approved at the Company’s regularly scheduled Board of Directors meeting held on June 15, 2022. The quarterly dividend will be payable on or about July 15, 2022 to shareholders of record as of June 30, 2022. “Our Company’s strong levels of capital and liquidity, combined with our remarkable history of 180 consecutive quarters of profitability, has allowed us to pay cash dividends to our shareholders for 131 consecutive quarters,” said David A. Brager, President and Chief Executive Officer. “With the integration of our Suncrest Bank acquisition now complete, we are pleased to be increasing our quarterly dividend by nearly 6%. We believe this higher dividend, combined with our common stock repurchase plan, demonstrate our continuing commitment to provide strong returns to our shareholders.” CVB Financial Corp. is the holding company for Citizen...

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