Fannie Mae, Freddie Mac shares tumble after conservatorship comments
ONTARIO, California - CVB Financial Corp. (NASDAQ:CVBF) announced Wednesday its Board of Directors has approved a cash dividend of $0.20 per share for the second quarter of 2025, representing an attractive 4.18% dividend yield at current prices. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value metrics.
The dividend will be payable on or about July 24, 2025, to shareholders of record as of July 10, 2025, according to a press release statement.
"We are pleased to announce our 143rd consecutive quarterly cash dividend paid to our shareholders," said David A. Brager, President and Chief Executive Officer of CVB Financial.
CVB Financial is the holding company for Citizens Business Bank and ranks among the 10 largest bank holding companies headquartered in California with over $15 billion in total assets.
Citizens Business Bank operates more than 60 banking centers and three trust office locations throughout California. The bank’s shares trade on the NASDAQ under the ticker symbol CVBF.
The company has maintained a consistent dividend payment history, with this latest announcement marking its 143rd consecutive quarterly dividend distribution to shareholders.
In other recent news, CVB Financial Corporation reported its first-quarter earnings for 2025, exceeding analysts’ expectations. The company achieved earnings per share of $0.36, surpassing the projected $0.33, and generated revenue of $126.6 million, slightly above the anticipated $124.95 million. This marks CVB Financial’s 190th consecutive quarter of profitability, highlighting its sustained financial performance. Additionally, the company repurchased over 2 million shares, further enhancing shareholder value. In corporate governance developments, CVB Financial’s shareholders recently approved several key proposals during the Annual Meeting, including the election of eight directors and the advisory approval of executive compensation. The appointment of KPMG LLP as the independent registered public accounting firm for 2025 was also ratified. These developments reflect ongoing shareholder confidence in the company’s leadership and strategic direction.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.