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

CVB Financial Corporation (NASDAQ:CVBF) announced a quarterly dividend on Wednesday, September 16th. Stockholders 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 dividend 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 dividend payout ratio of 51.9% meaning its dividend is sufficiently covered by earnings. Equities research 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 Trading Down 0.8%

Shares of CVBF stock opened at $22.72 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.17. The stock has a market cap of $4.00 billion, a P/E ratio of 15.67 and a beta of 0.64. The stock has a 50 day simple moving average of $22.60 and a 200 day simple moving average of $21.12. CVB Financial has a 1 year low of $17.94 and a 1 year high of $23.41.

CVB Financial (NASDAQ:CVBF) last posted its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The company had revenue of $179.43 million during the quarter, compared to analyst estimates of $184.62 million. CVB Financial had a net margin of 29.02% and a return on equity of 9.21%. During the same period last year, the firm earned $0.36 EPS. On average, research analysts predict 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.