Cathay General Bancorp Declares $0.34 Per Share Dividend

Rhea-AI Summary

Cathay General Bancorp (NASDAQ: CATY) has declared a cash dividend of 34 cents per common share. This dividend is payable on December 9, 2022, to shareholders of record as of the close of business on November 29, 2022. Founded in 1962, Cathay Bank operates 44 branches in California, alongside additional branches across several states and internationally. The bank provides a range of financial services to its customers.

Positive

• Dividends of 34 cents per share may enhance shareholder income.
• Continued operation of multiple branches across various states supports business stability.

Negative

• 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 December 9, 2022, to stockholders of record at the close of business on November 29, 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 44 branches in California, 9 branches in New York State, four in Washington State, two in Illinois, two in Texas, one in Maryland, Massachusetts, Nevada, and 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/20221117006183/en/

Heng W. Chen

(626) 279-3652

Source: Cathay General Bancorp

FAQ

What is the dividend amount declared by Cathay General Bancorp?

Cathay General Bancorp declared a cash dividend of 34 cents per common share.

When is the dividend payable for Cathay General Bancorp?

The dividend is payable on December 9, 2022.

What is the record date for the dividend payment?

The record date for the dividend payment is November 29, 2022.

How has Cathay General Bancorp performed recently?

The recent declaration of dividends indicates a commitment to returning value to shareholders.

Where can I find more information about Cathay General Bancorp?

More information can be found on their official website at www.cathaygeneralbancorp.com.