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City National announces special cash dividend

City National Corp., parent of City National Bank, said Thursday its directors have declared a special common stock dividend for the fourth quarter.

The company will pay a 25 cent special dividend plus its regular 25 cent dividend on Dec. 18 to shareholders of record on Dec.3.

“Given the company’s 2012 earnings growth and capital strength, paying these dividends now is an appropriate and measured step that will benefit our shareholders,” City National President and CEO Russell Goldsmith said in statement.

Shares of City National lost 4 cents, or 0.08 percent, to close Thursday at $47.27 on the New York Stock Exchange.

Contact reporter Chris Sieroty at csieroty@reviewjournal.com or 702-477-3893.

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