IE Business Daily Business news for the Inland Empire.
CVB Financial Corp. has announced a dividend of 20 cents per share for the fourth quarter, which will end Dec. 31.
This is the 133rd consecutive quarter the Ontario-based financial institution will distribute a profit to its shareholders, according to a statement on the company’s website.
The dividend was approved Dec. 14 at the company’s regular board of directors meeting. It will be payable on or about Jan.13 to shareholders of record as of Dec. 29.
“We are pleased to announce our 133rd consecutive cash dividend paid to our shareholders,” said David A. Brager, CVB Financial’s president and chief executive officer, in the statement. “Our company’s levels of capital and liquidity have allowed us to maintain this record of returning capital to our shareholders.”
CVB Financial Corp. (“CVBF”) is the holding company for Citizens Business Bank.
It has more than $16 billion in assets and is one of the 10 largest bank holding companies based in California, according to the statement.
