CVB Financial Corp. Announces Increase in Quarterly Cash Dividend
21 Septembre 2022 - 10:40PM
CVB Financial Corp. (NASDAQ: CVBF) (the “Company”) announced a
twenty cent ($0.20) per share cash dividend with respect to the
third quarter of 2022. This amounts to a quarterly dividend
increase of one cent ($0.01) per share, compared to the $0.19 per
share dividend for the second quarter of 2022, and represents the
Company’s 132nd consecutive quarterly cash dividend. This
dividend increase was approved at the Company’s regularly scheduled
Board of Directors meeting held on September 21, 2022. The
quarterly dividend will be payable on or about October 20, 2022 to
shareholders of record as of October 5, 2022.
“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 provide strong returns to
our shareholders.”
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, 2021, 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
CVB Financial (NASDAQ:CVBF)
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