CVB Financial Corp. has announced a 20-cents-per-share cash dividend for the third quarter.
That’s an increase of one cent per share compared with the second quarter of this year, and it represents the Ontario company’s 132nd consecutive quarter of paying a dividend to its shareholders, according to a statement on the company’s website.
The increase was approved at CVB Financial’s regular board meeting last month. The dividend will be payable on or about Oct. 20 to all shareholders of record as of Oct. 5.
CVB Financial is Citizens Business Bank’s holding company. It’s one of the 10 largest bank holding companies based in California, with more than $16 billion in assets.
It is also one of the top-performing banks in the nation, with more than 60 banking centers and four trust offices in California, according to the statement.