CVB Financial: Dividend Insights
Portfolio Pulse from Benzinga Insights
CVB Financial (NASDAQ:CVBF) has announced a quarterly dividend of 20 cents per share. The stock will go ex-dividend on Tuesday, meaning it will likely open 20 cents lower. Shareholders who own CVBF as of the end of Monday's session are eligible to receive the dividend, which will be paid out on October 19, 2023.
September 28, 2023 | 2:45 pm
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CVB Financial's announcement of a 20 cents per share dividend may cause the stock to open lower on Tuesday when it goes ex-dividend. However, this is a regular part of the dividend process and not necessarily a negative indicator.
When a stock goes ex-dividend, it typically opens lower to reflect the payout. However, this is a normal part of the dividend process and does not necessarily indicate a problem with the company or its stock. Investors who own the stock as of the end of Monday's session will receive the dividend, providing them with a return on their investment.
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