CVB Financial: Dividend Insights
Portfolio Pulse from Benzinga Insights
CVB Financial (NASDAQ:CVBF) has announced a quarterly dividend of 20 cents per share, which will be paid out to shareholders on July 20, 2023. The stock will go ex-dividend on Wednesday, meaning it will likely open 20 cents lower. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.
June 30, 2023 | 2:45 pm
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CVB Financial's announcement of a 20 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not a reflection of the company's performance.
When a stock goes ex-dividend, it typically opens lower to reflect the payout. This is a normal part of the dividend process and does not reflect negatively on the company's performance. However, it can lead to short-term price volatility.
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