Cathay General Bancorp Declares $0.31 Per Share Dividend

Rhea-AI Summary

Cathay General Bancorp (CATY) has declared a cash dividend of $0.31 per share, payable on June 7, 2021. Stockholders of record will be those on the books at the close of business on May 28, 2021. Founded in 1962, Cathay Bank operates numerous branches across several states and in Hong Kong, providing a variety of financial services. This dividend announcement demonstrates the company's commitment to returning value to its shareholders amid its ongoing business operations.

Positive

• Cash dividend of $0.31 per share indicates financial stability and commitment to shareholders.

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• None.

LOS ANGELES, May 17, 2021 /PRNewswire/ -- Cathay General Bancorp (Nasdaq: CATY) announced that its Board of Directors declared a cash dividend of thirty-one cents per common share, payable on June 7, 2021, to stockholders of record at the close of business on May 28, 2021.

ABOUT CATHAY GENERAL BANCORP

Cathay General Bancorp is the holding company for Cathay Bank, a California state-chartered bank.  Cathay General Bancorp's website is found at www.cathaygeneralbancorp.com. Founded in 1962, Cathay Bank offers a wide range of financial services. Cathay Bank currently operates 38 branches in California, 10 branches in New York State, four in Washington State, three in the Chicago, two in Texas, one in Maryland, one in Massachusetts, one in Nevada, one in New Jersey, one in Hong Kong, and a representative office in Beijing, Shanghai and Taipei. Cathay Bank's website is found at www.cathaybank.com.

 

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SOURCE Cathay General Bancorp

FAQ

What is the dividend amount declared by Cathay General Bancorp?

Cathay General Bancorp declared a dividend of $0.31 per share.

When will the Cathay General Bancorp dividend be paid?

The dividend will be paid on June 7, 2021.

Who is eligible for the Cathay General Bancorp dividend?

Stockholders of record at the close of business on May 28, 2021, are eligible.

How often does Cathay General Bancorp pay dividends?

Cathay General Bancorp typically pays dividends quarterly.

Is the Cathay General Bancorp dividend sustainable?

The sustainability of the dividend depends on the company's financial performance and cash flow.