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

CVB Financial Corporation (NASDAQ:CVBF) announced a quarterly dividend on Wednesday, March 18th. Stockholders of record on Wednesday, April 1st will be given a dividend of 0.20 per share by the financial services provider on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, April 1st.

CVB Financial has decreased its dividend by an average of 0.0%annually 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 $1.48 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 54.1%.

CVB Financial Trading Down 1.7%

CVBF opened at $18.59 on Thursday. CVB Financial has a fifty-two week low of $16.01 and a fifty-two week high of $21.48. The firm has a market capitalization of $2.52 billion, a PE ratio of 12.39 and a beta of 0.67. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.72 and a quick ratio of 0.72. The company’s 50-day moving average is $19.84 and its 200 day moving average is $19.49.

CVB Financial (NASDAQ:CVBF) last released its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.40. The business had revenue of $133.85 million during the quarter, compared to the consensus estimate of $135.45 million. CVB Financial had a return on equity of 9.25% and a net margin of 32.28%.During the same quarter in the previous year, the business earned $0.36 EPS. As a group, research analysts predict that CVB Financial will post 1.41 earnings per share for the current fiscal year.

About CVB Financial

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.