IE Business Daily Business news for the Inland Empire.
CVB Financial Corp., the holding company for Ontario-based Citizens Business Bank, has announced a stock dividend of twelve cents per share for the third quarter.
That move was approved by the company’s board of directors at its regular meeting Wednesday, according to a statement released Thursday.
The dividend will be paid next month to all shareholders of record as of Oct. 5.
This will be the 108th consecutive quarter that CVB Financial will pay 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, with assets of approximately $8.3 billion, is the ninth-largest bank holding company based in California. It trades on the NASDAQ stock exchange and was recently named “Best Bank in America” by Forbes Magazine in its 2016 survey of the best banks in the United States.
