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

CVB Financial Corporation (NASDAQ:CVBF) announced a quarterly dividend on Wednesday, March 18th. Shareholders of record on Wednesday, April 1st will be paid a dividend of 0.20 per share by the financial services provider on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, April 1st.

CVB Financial has decreased its dividend payment by an average of 0.0%per year over the last three years. CVB Financial has a payout ratio of 51.9% indicating that its dividend is sufficiently covered by earnings. 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 Performance

CVBF stock opened at $18.59 on Thursday. The firm has a market cap of $2.52 billion, a PE ratio of 12.39 and a beta of 0.67. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average price of $19.84 and a 200-day moving average price of $19.49. CVB Financial has a 1-year low of $16.01 and a 1-year high of $21.48.

CVB Financial (NASDAQ:CVBF) last announced its earnings results on Thursday, January 22nd. The financial services provider reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. CVB Financial had a return on equity of 9.25% and a net margin of 32.28%.The company had revenue of $133.85 million for the quarter, compared to analyst estimates of $135.45 million. During the same quarter in the prior year, the company earned $0.36 EPS. As a group, equities research 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.