CVB Financial Corp. (NASDAQ:CVBF) announced a quarterly dividend on Wednesday, March 20th, NASDAQ reports. Shareholders of record on Saturday, April 6th will be paid a dividend of 0.18 per share by the financial services provider on Wednesday, April 17th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date is Thursday, April 4th. This is a boost from CVB Financial’s previous quarterly dividend of $0.14.
Shares of NASDAQ:CVBF traded down $0.47 during trading on Friday, hitting $21.40. 275,275 shares of the company were exchanged, compared to its average volume of 349,866. The company has a market capitalization of $3.00 billion, a PE ratio of 17.26, a P/E/G ratio of 1.53 and a beta of 1.16. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.01. CVB Financial has a 12-month low of $19.21 and a 12-month high of $24.97.
CVB Financial (NASDAQ:CVBF) last issued its quarterly earnings data on Wednesday, January 23rd. The financial services provider reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.03). CVB Financial had a return on equity of 10.45% and a net margin of 37.50%. The company had revenue of $123.77 million for the quarter, compared to analysts’ expectations of $116.78 million. During the same quarter in the prior year, the firm posted $0.28 EPS. As a group, equities research analysts predict that CVB Financial will post 1.47 EPS for the current fiscal year.
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About CVB Financial
CVB Financial Corp. operates as a bank holding company for Citizens Business Bank that provides banking and financial products and services. The company offers checking, savings, and money market accounts, as well as time certificates of deposit; and serves as a federal tax depository for business customers.
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