ONTARIO, Calif., Sept. 21, 2022 (GLOBE NEWSWIRE) — CVB Monetary Corp. (NASDAQ: CVBF) (the “Firm”) introduced a twenty cent ($0.20) per share money dividend with respect to the third quarter of 2022. This quantities to a quarterly dividend enhance of 1 cent ($0.01) per share, in comparison with the $0.19 per share dividend for the second quarter of 2022, and represents the Firm’s 132nd consecutive quarterly money dividend. This dividend enhance was authorised on the Firm’s often scheduled Board of Administrators assembly held on September 21, 2022. The quarterly dividend shall be payable on or about October 20, 2022 to shareholders of file as of October today techs 5, 2022.
“Our Firm’s sturdy ranges of capital and liquidity, mixed with our exceptional historical past of 181 consecutive quarters of profitability, has allowed us to pay money dividends to our shareholders for 132 consecutive quarters,” mentioned David A. Brager, President and Chief Govt Officer. “We’re happy to be rising our quarterly dividend by 5%. We imagine this greater dividend, mixed with our frequent inventory repurchase plan, show our persevering with dedication to supply sturdy returns to our shareholders.”
CVB Monetary Corp. (“CVBF”) is the holding firm for Residents Enterprise today techs Financial institution. CVBF is without doubt one of the 10 largest financial institution holding corporations headquartered in California with over $16 billion in complete property. Residents Enterprise Financial institution is persistently acknowledged as one of many prime performing banks within the nation and gives a big selection of banking, lending and investing companies with greater than 60 banking facilities and 4 belief workplace areas serving California.
Shares of CVB Monetary Corp. frequent inventory are listed on the NASDAQ below the ticker image “CVBF”. For investor data on CVBF, go to our Residents Enterprise Financial institution web site at www.cbbank.com and click on on the “Buyers” tab.
Sure issues set forth herein represent forward-looking statements throughout the that means of the Personal Securities Litigation Reform Act of 1995, together with forward-looking statements regarding the Firm’s present enterprise plans and expectations, progress projections, and our future monetary place and working outcomes. Phrases reminiscent of “will possible consequence”, “goals”, “anticipates”, “believes”, “might”, “estimates”, “expects”, “hopes”, “intends”, “could”, “plans”, “tasks”, “seeks”, “ought to”, “will” and variations of those phrases and related expressions assist to determine these forward-looking statements. These forward-looking statements are topic to dangers and uncertainties that might trigger precise outcomes, efficiency and/or achievements to vary materially from these projected. These dangers and uncertainties embody, however usually are not restricted to, all the danger components set forth within the Firm’s public stories, together with its Annual Report on Kind 10-Ok for the yr ended December 31, 2021, and significantly the dialogue today techs of threat components inside that doc. The Firm doesn’t undertake, and particularly disclaims any obligation, to replace any forward-looking statements to mirror occurrences or unanticipated occasions or circumstances after the date of such statements besides as required by legislation.
Contact: David A. Brager
President and Chief Govt Officer