CVB Financial Corp. Announces Increase of Cash Dividend

Business Wirevia The Motley Fool
Updated

CVB Financial Corp. Announces Increase of Cash Dividend

ONTARIO, Calif.--(BUSINESS WIRE)-- CVB Financial Corp. (NAS: CVBF) announced a ten cent ($0.10) per share cash dividend with respect to the second quarter of 2013. The dividend was approved at the regularly scheduled Board of Directors meeting held on June 19, 2013. The dividend will be payable on or about July 18, 2013 to shareholders of record as of July 3, 2013.

"Our Board of Directors is pleased to announce an 18% increase in our quarterly cash dividend from $0.085 per share to $0.10 per share. The decision to increase the dividend was based on our strong capital position and the stability of our earnings. This represents the 95th consecutive quarterly cash dividend paid to our shareholders," said Christopher D. Myers, President and Chief Executive Officer.


Corporate Overview

CVB Financial Corp. is the holding company for Citizens Business Bank. The Bank is the largest financial institution headquartered in the Inland Empire region of Southern California with assets of $6.3 billion. Citizens Business Bank serves 41 cities with 40 Business Financial Centers, five Commercial Banking Centers and three trust office locations serving the Inland Empire, Los Angeles County, Orange County and the Central Valley areas of California.

Shares of CVB Financial Corp. common stock are listed on the NASDAQ under the ticker symbol of CVBF. For investor information on CVB Financial Corp., visit our Citizens Business Bank website at www.cbbank.com and click on the Our Investors tab.



CVB Financial Corp.
Christopher D. Myers
President and Chief Executive Officer
(909) 980-4030

KEYWORDS: United States North America California

INDUSTRY KEYWORDS:

The article CVB Financial Corp. Announces Increase of Cash Dividend originally appeared on Fool.com.

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