Cathay General Bancorp Declares $0.31 Per Share Dividend

Rhea-AI Summary

Cathay General Bancorp (CATY) announced a cash dividend of $0.31 per share, payable on September 11, 2020. Shareholders on record as of the close of business on September 1, 2020 will receive this dividend. This decision reflects the company’s confidence in its financial performance despite the uncertainties in the broader economy.

Positive

• Dividend of $0.31 per share reflects solid financial performance and shareholder value.

Negative

• None.

LOS ANGELES, Aug. 20, 2020 /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 September 11, 2020, to stockholders of record at the close of business on September 1, 2020.

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 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 declared a dividend of $0.31 per share.

When will the dividend for CATY be paid?

The dividend will be paid on September 11, 2020.

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

The record date for the dividend is September 1, 2020.

How often does Cathay General Bancorp (CATY) pay dividends?

Cathay General Bancorp typically pays quarterly dividends.

Is the dividend from Cathay General Bancorp sustainable?

The sustainability of the dividend depends on the company’s future financial performance and economic conditions.