Ontario-based CVB Financial Corp. has recorded its 124th consecutive quarter with a cash dividend.
The 18-cent dividend for the third quarter was approved by the board of directors Sept. 23 and will be payable on or about Oct. 21, according to a statement.
All shareholders of record as of Oct. 7 are eligible to receive the dividend.
“The company’s strong levels of capital and liquidity, combined with its history of 173 consecutive quarters of profitability, has allowed us to pay cash dividends to our shareholders for 124 consecutive quarters,” said David A. Brager, CVB Financial’s chief executive officer, in the statement.
CVB Financial Corp., the holding company for Citizens Business Bank, is one of the 10 largest bank holding companies based in California. It has more than $13 billion in assets, 57 banking centers, and three trust offices in Southern California and the Central Valley, according to the statement.