Published on 29 Mar 2024 on Simply Wall St. via Yahoo Finance

Interested In CVB Financial's (NASDAQ:CVBF) Upcoming US$0.20 Dividend? You Have Three Days Left

CVB Financial Corp. (NASDAQ:CVBF) is about to trade ex-dividend in the next 3 days. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a dividend. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Accordingly, CVB Financial investors that purchase the stock on or after the 2nd of April will not receive the dividend, which will be paid on the 17th of April.

The company's next dividend payment will be US$0.20 per share, on the back of last year when the company paid a total of US$0.80 to shareholders. Based on the last year's worth of payments, CVB Financial has a trailing yield of 4.5% on the current stock price of US$17.84. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.

Check out our latest analysis for CVB Financial