Cathay General Bancorp Declares $0.34 Per Share Dividend

Rhea-AI Summary

Cathay General Bancorp (CATY) declared a cash dividend of 34 cents per common share, payable on March 7, 2022, to stockholders of record on February 25, 2022. This announcement reflects the company's commitment to returning value to its shareholders. Cathay Bank operates multiple branches across California, New York, Washington, and other states, serving a diverse clientele since its founding in 1962.

Positive

• Declared a cash dividend of 34 cents per share, indicating strong financial health.

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• None.

LOS ANGELES--(BUSINESS WIRE)-- Cathay General Bancorp (Nasdaq: CATY) announced that its Board of Directors declared a cash dividend of thirty-four cents per common share, payable on March 7, 2022, to stockholders of record at the close of business on February 25, 2022.

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 47 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220211005629/en/

Heng W. Chen

(626) 279-3652

Source: Cathay General Bancorp

FAQ

What is the CATY dividend amount and payment date?

The CATY dividend amount is 34 cents per share, payable on March 7, 2022.

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

The record date for the dividend is February 25, 2022.

How often does Cathay General Bancorp pay dividends?

Cathay General Bancorp pays dividends quarterly, subject to board approval.

Is the dividend sustainable for CATY?

The sustainability of CATY's dividend depends on its ongoing financial performance and cash reserves.