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

CVB Financial Corporation (NASDAQ:CVBF) announced a quarterly dividend on Wednesday, September 16th. Investors of record on Wednesday, September 30th will be given a dividend of 0.20 per share by the financial services provider on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, September 30th.

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. Equities analysts expect CVB Financial to earn $2.01 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 39.8%.

CVB Financial Price Performance

CVBF stock opened at $22.72 on Thursday. CVB Financial has a 52 week low of $17.94 and a 52 week high of $23.41. The firm has a market capitalization of $4.00 billion, a P/E ratio of 15.67 and a beta of 0.64. The company has a fifty day simple moving average of $22.60 and a two-hundred day simple moving average of $21.12. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.17.

CVB Financial (NASDAQ:CVBF) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). The business had revenue of $179.43 million for the quarter, compared to analysts’ expectations of $184.62 million. CVB Financial had a net margin of 29.02% and a return on equity of 9.21%. During the same quarter in the prior year, the company posted $0.36 earnings per share. Analysts anticipate that CVB Financial will post 1.74 earnings per share for the current fiscal year.

About CVB Financial

CVB Financial Corp. is the bank holding company for Citizens Business Bank, a commercial bank headquartered in Ontario, California. Founded in 1974, the company provides banking and financial services primarily to businesses, professionals, individuals and public-sector organizations throughout California.

Citizens Business Bank offers commercial and industrial lending, commercial real estate loans, construction financing, Small Business Administration loans, agricultural lending and consumer credit products.