Cathay General Bancorp Declares $0.31 Per Share Dividend

Rhea-AI Summary

Cathay General Bancorp (Nasdaq: CATY) has declared a cash dividend of $0.31 per common share. This dividend is payable on September 9, 2021, to stockholders of record on August 30, 2021. The company, founded in 1962, operates 37 branches in California and additional branches across several states. This decision signifies the board's commitment to returning value to shareholders.

Positive

• Dividend of $0.31 per share indicates strong financial performance and commitment to shareholders.
• Scheduled payment date of September 9, 2021, provides assurance for income generation.

Negative

• None.

LOS ANGELES, Aug. 19, 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 September 9, 2021, to stockholders of record at the close of business on August 30, 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 37 branches in California, 10 branches in New York State, four in Washington State, two in Illinois, 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 (CATY)?

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

When is the dividend payable for Cathay General Bancorp's shareholders?

The dividend is payable on September 9, 2021.

What is the record date for Cathay General Bancorp's dividend?

The record date for the dividend is August 30, 2021.

How often does Cathay General Bancorp pay dividends?

Cathay General Bancorp has a history of paying dividends quarterly.

Is the dividend sustainable for Cathay General Bancorp (CATY)?

The sustainability of the dividend can be gauged by the company's financial performance and cash reserves.