CVB Financial Corporation (CVBF) To Go Ex-Dividend on April 1st

CVB Financial Corporation (NASDAQ:CVBF) announced a quarterly dividend on Wednesday, March 18th. Investors 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 yield of 4.2%. The ex-dividend date of this dividend is Wednesday, April 1st.

CVB Financial has decreased its dividend by an average of 0.0%per year over the last three years. CVB Financial has a dividend payout ratio of 51.9% meaning its dividend is sufficiently covered by earnings. Research 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 Stock Up 1.6%

Shares of CVB Financial stock opened at $18.88 on Friday. CVB Financial has a 12-month low of $16.01 and a 12-month high of $21.48. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.22. The stock has a 50 day moving average price of $19.82 and a two-hundred day moving average price of $19.48. The stock has a market capitalization of $2.56 billion, a P/E ratio of 12.59 and a beta of 0.67.

CVB Financial (NASDAQ:CVBF) last released its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $0.40 EPS for the quarter, meeting analysts’ consensus estimates of $0.40. The company had revenue of $133.85 million for the quarter, compared to analyst estimates of $135.45 million. CVB Financial had a net margin of 32.28% and a return on equity of 9.25%. During the same quarter last year, the firm posted $0.36 earnings per share. Equities analysts expect that CVB Financial will post 1.41 earnings per share 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.