LOS ANGELES--(BUSINESS WIRE)--Jan. 19, 2005--The board ofdirectors of City National Corporation (NYSE:CYN) today announced anincrease in the company's quarterly common stock cash dividend to$0.36 per share, up 13 percent from the $0.32 per share previouslypaid.
The increased dividend will be payable on February 15, 2005, tostockholders of record on February 2, 2005.
This is the 11th consecutive year in which City NationalCorporation has increased its dividend. With this announcement, thecompany's dividend will have increased 76 percent in the last twoyears.
About City National
City National Corporation is a financial services company with$14.2 billion in total assets. Its wholly owned subsidiary, CityNational Bank, is the second largest independent bank headquartered inCalifornia. As California's Premier Private and Business Bank(R), CityNational provides banking, investment and trust services through 52offices, including 12 full-service regional centers, in SouthernCalifornia, the San Francisco Bay Area and New York City. The companyand its affiliates manage more than $16 billion of client trust andinvestment assets. Assets under management or administration amount tomore than $35 billion.
For more information about City National, visit the company'sWebsite at cnb.com.
CONTACT: City National Corporation
Christopher J. Carey, 310-888-6777 (Investors)
Cary Walker, 213-833-4715 (Media)
SOURCE: City National Corporation