CVB Financial Corporation to Issue Quarterly Dividend of $0.20 (NASDAQ:CVBF)

CVB Financial Corporation (NASDAQ:CVBF) declared a quarterly dividend on Wednesday, June 24th. Shareholders of record on Thursday, July 9th will be given a dividend of 0.20 per share by the financial services provider on Friday, July 24th. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Thursday, July 9th.

CVB Financial has decreased its dividend by an average of 0.0%per year over the last three years. CVB Financial has a payout ratio of 51.9% meaning its dividend is sufficiently covered by earnings. Analysts expect CVB Financial to earn $1.92 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 41.7%.

CVB Financial Trading Up 2.3%

Shares of CVBF opened at $22.04 on Thursday. CVB Financial has a twelve month low of $17.94 and a twelve month high of $22.14. The company has a market cap of $3.89 billion, a P/E ratio of 14.50 and a beta of 0.66. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.22. The company’s fifty day simple moving average is $20.46 and its 200-day simple moving average is $19.97.

CVB Financial (NASDAQ:CVBF) last released its earnings results on Thursday, April 23rd. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.38. The firm had revenue of $132.12 million during the quarter, compared to analyst estimates of $162.29 million. CVB Financial had a net margin of 32.05% and a return on equity of 9.16%. During the same quarter last year, the business earned $0.36 EPS. As a group, analysts expect that CVB Financial will post 1.56 EPS for the current year.

CVB Financial Company Profile

CVB Financial Corp is the bank holding company for Citizens Business Bank, a California-based commercial bank whose operations trace back to 1974. Headquartered in Ontario, California, the company provides a broad range of banking and financial services through its community-focused branch network. As a publicly traded company on the NASDAQ under the symbol CVBF, CVB Financial oversees strategic planning, corporate governance and long-term growth initiatives for its subsidiary.

The company’s core business activities include commercial lending, real estate financing, equipment leasing and Small Business Administration (SBA) loan programs.