Ontario, CA- August 6, 2003: CVB Financial Corp. (NASDAQ:CVBF), parent company of Citizens Business Bank, was recently awarded the 2003 Dividend Achiever by Mergent, Inc. as a result of its outstanding record of ten or more consecutive years of dividend increases.
Mergent applauded CVB Financial Corp. for its superior dividend history. It places the company among just 2.5% of listed dividend paying companies in the United States. This group of companies achieved an average total return of more than 20% above the total return of the S & P 500 for 2002. CVB Financial Corp. also was recognized for the many years of successful fiscal management and shareholder awareness that have been reflected in their dividend policies.
“We are pleased to be recognized among this elite group of companies,” commented Linn Wiley, President and Chief Executive Officer. “It reflects our commitment to providing our shareholders with a superior return on their investment.”
Mergent, Inc., is a leading provider of global business and financial information on publicly traded companies and operates sales offices in key North American cities, as well as London, Tokyo and Sidney. The company dates back to 1900 and provides information on more than 15,000 public companies in the United States.
CVB Financial Corp. is the holding company for Citizens Business Bank. The Bank is the largest financial institution headquartered in the Inland Empire region of Southern California. It serves 26 cities with 33 business financial centers in the Inland Empire, Los Angeles County, Orange County and the Central Valley areas of California.
Shares of CVB Financial Corp. common stock are listed on the NASDAQ under the ticker symbol of CVBF.