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

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

CVB Financial has decreased its dividend payment by an average of 0.0%annually over the last three years. CVB Financial has a payout ratio of 51.9% indicating that 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 Stock Performance

Shares of CVB Financial stock opened at $22.72 on Thursday. The company has a market cap of $4.00 billion, a PE ratio of 15.67 and a beta of 0.64. 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 has a 52 week low of $17.94 and a 52 week high of $23.41. The business has a 50 day moving average price of $22.60 and a 200-day moving average price of $21.12.

CVB Financial (NASDAQ:CVBF) last posted 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). CVB Financial had a return on equity of 9.21% and a net margin of 29.02%.The firm had revenue of $179.43 million during the quarter, compared to the consensus estimate of $184.62 million. During the same quarter in the previous year, the company earned $0.36 EPS. Equities 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.