LOS ANGELES--(BUSINESS WIRE)--Jan. 21, 2004--The board ofdirectors of City National Corporation (NYSE:CYN) today announced anincrease in the company's quarterly common stock cash dividend to$0.32 per share for the fourth quarter of 2003, up 14 percent from the$0.28 per share previously paid.
The increased dividend will be payable on February 17, 2004 tostockholders of record on February 4, 2004.
This is the tenth consecutive year in which City NationalCorporation has increased its dividend. With this announcement, thecompany will have increased its annual dividend 64 percent in the last13 months, to $1.28 per share.
About City National
City National Corporation is a financial services company with $13billion in total assets. Its wholly owned subsidiary, City NationalBank, 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 morethan 50 offices, including 12 full-service regional centers inSouthern California, the San Francisco Bay Area and New York City. Thecompany has more than $28 billion in investment and trust assets undermanagement or administration.
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