Central Valley Community Bancorp (CVCY) Increases Dividend to $0.08 Per Share

Central Valley Community Bancorp (NASDAQ:CVCY) declared a quarterly dividend on Friday, July 20th, Wall Street Journal reports. Stockholders of record on Friday, August 3rd will be given a dividend of 0.08 per share by the financial services provider on Friday, August 17th. This represents a $0.32 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Thursday, August 2nd. This is a boost from Central Valley Community Bancorp’s previous quarterly dividend of $0.07.

Central Valley Community Bancorp has increased its dividend by an average of 6.3% per year over the last three years. Central Valley Community Bancorp has a payout ratio of 21.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Central Valley Community Bancorp to earn $1.63 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 19.6%.

NASDAQ CVCY opened at $21.88 on Friday. The stock has a market capitalization of $299.28 million, a PE ratio of 15.73, a PEG ratio of 1.83 and a beta of 0.10. Central Valley Community Bancorp has a 1-year low of $18.05 and a 1-year high of $22.75. The company has a current ratio of 0.73, a quick ratio of 0.69 and a debt-to-equity ratio of 0.02.

CVCY has been the topic of several research analyst reports. Zacks Investment Research lowered Central Valley Community Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. BidaskClub lowered Central Valley Community Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, May 14th.

Central Valley Community Bancorp Company Profile

Central Valley Community Bancorp operates as the bank holding company for the Central Valley Community Bank that provides various commercial banking services to individuals, and small and middle market businesses. The company accepts deposit products, such as interest-bearing deposits comprising savings, NOW, and money market accounts, as well as time certificates of deposit; and non-interest bearing demand deposits.

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Dividend History for Central Valley Community Bancorp (NASDAQ:CVCY)

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