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City National Corporation Declares Increased Fourth-Quarter Dividend.


Business Editors

LOS ANGELES--(BUSINESS WIRE)--Jan. 24, 2002

The board of directors of City National Corporation (NYSE NYSE

See: New York Stock Exchange
:CYN CYN Canyon ) today announced a 5.4 percent increase in the company's quarterly common stock cash dividend to $0.195 per share for the fourth quarter of 2001. The fourth-quarter dividend is up from $0.185 per share. The dividend announced today is payable on February 19, 2002, to stockholders of record on February 6, 2002.

Today's announcement represents the eighth consecutive year in which City National Corporation has increased its dividend.

About City National

City National Corporation is a publicly owned Publicly owned can refer to:
  • Public company, a company which is permitted to offer its securities (stock, bonds, etc.) for sale to the general public, typically through a stock exchange
  • Public ownership, of government-owned corporations
 company with $10.2 billion in total assets. Its shares are traded on the New York Stock Exchange New York Stock Exchange (NYSE)

World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City.
 under the symbol "CYN." The corporation's wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
, City National Bank, provides banking, trust and investment services through offices in 10 California counties: Contra Costa, Los Angeles, Orange, Riverside, San Bernardino, San Diego, San Francisco, San Mateo, Santa Clara and Ventura.

For more information about City National Corporation please visit the company's Web site at cnb.com.
COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 24, 2002
Words:175
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