Deciphering Financial Jargon: How AI Legalese Decoder Can Simplify CVB Financial Corp.’s Quarterly Dividend Announcement
- June 26, 2024
- Posted by: legaleseblogger
- Category: Related News
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CVB Financial Corp Announces Second Quarter Cash Dividend
ONTARIO, CA, June 26, 2024 (GLOBE NEWSWIRE) – CVB Financial Corp. (NASDAQ: CVBF) (the “Company”) is pleased to announce a twenty cent ($0.20) per share cash dividend with respect to the second quarter of 2024. This dividend was approved at the Company’s regularly scheduled Board of Directors meeting held on June 26, 2024. The quarterly dividend will be payable on or about July 25, 2024 to shareholders of record as of July 11, 2024.
Background
CVB Financial Corp. is the holding company for Citizens Business Bank, one of the largest bank holding companies headquartered in California with approximately $16 billion in total assets. Citizens Business Bank offers a wide array of banking, lending, and investing services with more than 60 banking centers and three trust office locations serving California. This dividend marks the 139th consecutive quarterly cash dividend paid to shareholders.
Dividend Details
The quarterly dividend of $0.20 per share will be paid to shareholders of record as of July 11, 2024. The payment date is expected to be on or about July 25, 2024. This dividend is subject to the normal conditions and limitations applicable to dividend payments.
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Conclusion
CVB Financial Corp.’s decision to announce a twenty cent ($0.20) per share cash dividend is a testament to the company’s commitment to its shareholders. As the financial landscape continues to evolve, the use of AI-powered tools like legalese decoder can help investors and researchers stay ahead of the curve by quickly analyzing and understanding complex financial documents.
About CVB Financial Corp.
CVB Financial Corp. (NASDAQ: CVBF) is the holding company for Citizens Business Bank, a full-service bank with operations in California. The company is one of the 10 largest bank holding companies headquartered in California with approximately $16 billion in total assets.
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