CVB Financial hikes dividend by 5.6%

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CVB Financial Corp (CVBF) on June 15, 2022 announced a 5.6 percent dividend increase to $0.19 quarterly per share. This dividend increase was approved at the Company’s regularly scheduled Board of Directors meeting held on June 15, 2022. The quarterly dividend will be payable on or about July 15, 2022 to shareholders of record as of June 30, 2022.

“Our Company’s strong levels of capital and liquidity, combined with our remarkable history of 180 consecutive quarters of profitability, has allowed us to pay cash dividends to our shareholders for 131 consecutive quarters,” said David A. Brager, President and Chief Executive Officer. “With the integration of our Suncrest Bank acquisition now complete, we are pleased to be increasing our quarterly dividend by nearly 6%. We believe this higher dividend, combined with our common stock repurchase plan, demonstrate our continuing commitment to provide strong returns to our shareholders.”

CVB Financial Corp. is the holding company for Citizens Business Bank. CVBF is one of the 10 largest bank holding companies headquartered in California with over $11 billion in total assets. Citizens Business Bank is consistently recognized as one of the top performing banks in the nation and offers a wide array of banking, lending and investing services through 62 banking centers and 3 trust office locations serving the Inland Empire, Los Angeles County, Orange County, San Diego County, Ventura County, Santa Barbara County, and the Central Valley area of California.

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