Cathay General Bancorp Declares $0.31 Per Share Dividend
Cathay General Bancorp (Nasdaq: CATY) has declared a cash dividend of $0.31 per common share, scheduled for payment on March 11, 2021.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Cathay General Bancorp (Nasdaq: CATY) has declared a cash dividend of $0.31 per common share, scheduled for payment on March 11, 2021. Stockholders on record as of the close of business on March 1, 2021 will receive the dividend. This decision reflects the company's ongoing commitment to returning value to its shareholders.
Positive
- Declared a cash dividend of $0.31 per share, showcasing commitment to shareholder returns.
- Dividend payable on March 11, 2021, enhancing shareholder income.
Negative
- None.
Details
News Market Reaction – CATY
The recorded move for CATY in the trading session of this news was +3.02%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
LOS ANGELES, Feb. 18, 2021 /PRNewswire/ -- Cathay General Bancorp (Nasdaq: CATY) announced today that its Board of Directors declared a cash dividend of thirty-one cents per common share, payable on March 11, 2021, to stockholders of record at the close of business on March 1, 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
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