CVB Financial Corp. operates as a bank holding company for Citizens Business Bank, a state-chartered bank that provides banking and financial services to small to mid-sized businesses and individuals. It offers checking, savings, money market, and time certificates of deposit products for business and personal accounts; and serves as a federal tax depository for business customers. The company also provides commercial lending products comprising lines of credit and other working capital financing, accounts receivable lending, and letters of credit; agriculture loans to finance the operating needs of wholesale dairy farm operations, cattle feeders, livestock raisers, and farmers; lease financing services for municipal governments; commercial real estate and construction loans; and consumer financing products, including automobile leasing and financing, lines of credit, credit cards, home mortgages, and home equity loans and lines of credit. In addition, it offers various specialized services, such as treasury management systems for monitoring cash flow, merchant card processing program, armored pick-up and delivery, payroll services, remote deposit capture, electronic funds transfers, wires and automated clearinghouse, and online account access. Further, the company provides trust services through its CitizensTrust Division, such as fiduciary services, mutual funds, annuities, 401(k) plans, and individual investment accounts. As of December 31, 2021, it operated 58 banking centers located in the Inland Empire, Los Angeles County, Orange County, San Diego County, Ventura County, Santa Barbara County, and the Central Valley area of California; and three trust offices located in Ontario, Newport Beach, and Pasadena, as well as two loan production offices in California's Central Valley and the Sacramento area. The company was founded in 1974 and is headquartered in Ontario, California.
CVB Financial Dividend Announcement
• CVB Financial announced a quarterly dividend of $0.20 per ordinary share which will be made payable on 2024-10-14. Ex dividend date: 2024-09-30
• CVB Financial annual dividend for 2024 was $0.80
• CVB Financial annual dividend for 2023 was $0.60
• CVB Financial's trailing twelve-month (TTM) dividend yield is 4.22%
• CVB Financial's payout ratio for the trailing twelve months (TTM) is 44.37%
• CVB Financial's dividend growth over the last five years (2018-2023) was 1.39% year
• CVB Financial's dividend growth over the last ten years (2013-2023) was 4.54% year
CVB Financial Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-30 | $0.20 | quarterly | 2024-10-14 |
2024-07-11 | $0.20 | quarterly | 2024-07-25 |
2024-04-02 | $0.20 | quarterly | 2024-04-17 |
2024-01-04 | $0.20 | quarterly | 2024-01-22 |
2023-10-03 | $0.20 | quarterly | 2023-10-19 |
2023-07-05 | $0.20 | quarterly | 2023-07-20 |
2023-04-04 | $0.20 | quarterly | 2023-04-19 |
2022-12-28 | $0.20 | quarterly | 2023-01-13 |
2022-10-04 | $0.20 | quarterly | 2022-10-20 |
2022-06-29 | $0.19 | quarterly | 2022-07-15 |
2022-04-05 | $0.18 | quarterly | 2022-04-20 |
2021-12-28 | $0.18 | quarterly | 2022-01-12 |
2021-10-05 | $0.18 | quarterly | 2021-10-21 |
2021-06-29 | $0.18 | quarterly | 2021-07-15 |
2021-03-30 | $0.18 | quarterly | 2021-04-14 |
2020-12-30 | $0.18 | quarterly | 2021-01-15 |
2020-10-06 | $0.18 | quarterly | 2020-10-21 |
2020-07-08 | $0.18 | quarterly | 2020-07-23 |
2020-04-07 | $0.18 | quarterly | 2020-04-22 |
2020-01-02 | $0.18 | quarterly | 2020-01-17 |
2019-10-01 | $0.18 | quarterly | 2019-10-17 |
2019-07-02 | $0.18 | quarterly | 2019-07-18 |
2019-04-02 | $0.18 | quarterly | 2019-04-17 |
2019-01-03 | $0.14 | quarterly | 2019-01-18 |
2018-10-02 | $0.14 | quarterly | 2018-10-18 |
2018-07-03 | $0.14 | quarterly | 2018-07-19 |
2018-04-04 | $0.14 | quarterly | 2018-04-19 |
2018-01-04 | $0.14 | quarterly | 2018-01-22 |
2017-10-03 | $0.14 | quarterly | 2017-10-19 |
2017-07-03 | $0.14 | quarterly | 2017-07-20 |
2017-04-03 | $0.12 | quarterly | 2017-04-19 |
2017-01-04 | $0.12 | quarterly | 2017-01-23 |
2016-10-03 | $0.12 | quarterly | 2016-10-20 |
2016-07-05 | $0.12 | quarterly | 2016-07-21 |
2016-04-04 | $0.12 | quarterly | 2016-04-20 |
2015-12-29 | $0.12 | quarterly | 2016-01-15 |
2015-10-05 | $0.12 | quarterly | 2015-10-22 |
2015-07-06 | $0.12 | quarterly | 2015-07-22 |
2015-03-30 | $0.12 | quarterly | 2015-04-15 |
2014-12-30 | $0.10 | quarterly | 2015-01-16 |
2014-10-06 | $0.10 | quarterly | 2014-10-23 |
2014-06-30 | $0.10 | quarterly | 2014-07-17 |
2014-04-01 | $0.10 | quarterly | 2014-04-16 |
2013-12-31 | $0.10 | quarterly | 2014-01-17 |
2013-09-30 | $0.10 | quarterly | 2013-10-17 |
2013-07-01 | $0.10 | quarterly | 2013-07-18 |
2013-04-01 | $0.09 | quarterly | 2013-04-17 |
CVB Financial Dividend per year
CVB Financial Dividend growth
CVB Financial Dividend Yield
CVB Financial current trailing twelve-month (TTM) dividend yield is 4.22%. Interested in purchasing CVB Financial stock? Use our calculator to estimate your expected dividend yield:
CVB Financial Financial Ratios
CVB Financial Dividend FAQ
Other factors to consider when evaluating CVB Financial as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: CVB Financial's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, CVB Financial publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, CVB Financial distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from CVB Financial are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: CVB Financial sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, CVB Financial distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: CVB Financial declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of CVB Financial's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review CVB Financial's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.