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 December 11, 2020, to shareholders who are on record by the close of business on December 1, 2020. As a holding company for Cathay Bank, founded in 1962, it operates 38 branches in California and additional locations in several states and overseas. This announcement reaffirms the company's commitment to returning value to its shareholders.

Positive

• Declared a cash dividend of $0.31 per share.
• Dividend payment date set for December 11, 2020, showing commitment to shareholder returns.

Negative

• None.

LOS ANGELES, Nov. 19, 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 December 11, 2020, to stockholders of record at the close of business on December 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 common share.

When will the dividend for CATY be paid?

The dividend will be paid on December 11, 2020.

What is the record date for the dividend payment of CATY?

The record date for the dividend payment is December 1, 2020.

How often does Cathay General Bancorp pay dividends?

Cathay General Bancorp typically pays dividends quarterly, but investors should check for specific announcements each period.