Ontario-based CVB Financial has announced a cash dividend of 18 cents per share for the first quarter of this year.
That dividend, approved Wednesday by the board of directors, will be payable on or about April 22 to all shareholders as of April 8, according to a statement.
“The company’s strong levels of capital and liquidity, combined with its history of 171 consecutive quarters of profitability, has allowed us to pay cash dividends to our shareholders for 122 consecutive quarters,” said David A. Brager, chief executive officer.
CVB Financial is the holding company for Citizens Business Bank. It is one of the 10 largest bank holding companies based in California, with more than $11 billion in assets. The company operates 58 banks and three trust offices in Southern and Central California, according to the statement.