CVB Financial Corporation (CVBF) To Go Ex-Dividend on July 9th

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 Thursday, July 23rd. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Thursday, July 9th.

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% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect CVB Financial to earn $1.93 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 41.5%.

CVB Financial Stock Up 1.9%

CVBF opened at $22.46 on Friday. The stock has a fifty day moving average of $20.50 and a 200-day moving average of $19.99. The company has a market capitalization of $3.96 billion, a P/E ratio of 14.78 and a beta of 0.66. CVB Financial has a fifty-two week low of $17.94 and a fifty-two week high of $22.57. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.73 and a current ratio of 0.73.

CVB Financial (NASDAQ:CVBF) last released its earnings results on Thursday, April 23rd. The financial services provider reported $0.38 EPS for the quarter, meeting the consensus estimate of $0.38. The firm had revenue of $132.12 million for 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 period last year, the firm earned $0.36 EPS. On average, equities 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.