IE Business Daily Business news for the Inland Empire.
Ontario-based CVB Financial Corp., the holding company for Citizens Business Bank, has announced a 14 cent per share cash dividend for the second quarter.
That dividend, which was approved by the board of directors Wednesday, will be payable on or about July 20 to all shareholders of record on July 6, according to a statement.
That was a two cent increase compared with the dividend paid during the first quarter of this year, and it marked the 111th consecutive quarter CVB Financial has paid a cash dividend to its shareholders, said Christopher D. Myers, the financial institution’s president and chief executive officer, said in the statement.
CVB Financial shares are traded on NASDAQ under the ticker symbol CVBF.
The company has roughly $8.6 billion in assets and is the ninth-largest bank holding company based in California. It has 54 banks and three trust offices throughout Southern California and the Central Valley, according to the statement.
