CVB Financial Stock To Go Ex-dividend Monday (CVBF)

NEW YORK ( TheStreet) -- The ex-dividend date for CVB Financial Corporation (Nasdaq: CVBF) is Monday, April 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $11.73 as of 9:30 a.m. ET, the dividend yield is 2.9%.

The average volume for CVB Financial has been 779,600 shares per day over the past 30 days. CVB Financial has a market cap of $1.14 billion and is part of the financial sector and banking industry. Shares are up 17.4% year to date as of the close of trading on Thursday.

CVB Financial Corp. operates as a bank holding company for Citizens Business Bank that provides various banking and trust services for small and medium-sized businesses, professionals, and individuals. The company has a P/E ratio of 15.3, above the average banking industry P/E ratio of 14.1 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates CVB Financial as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full CVB Financial Ratings Report.

See our dividend calendar or top-yielding stocks list.
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