Cathay General Bancorp Declares $0.34 Per Share Dividend

Rhea-AI Summary

Cathay General Bancorp (CATY) has declared a cash dividend of $0.34 per share, payable on December 9, 2021. This dividend will be distributed to stockholders recorded by the close of business on November 29, 2021. The announcement underscores the company's commitment to returning value to its shareholders while maintaining a solid operational foundation.

Positive

• Cash dividend of $0.34 per share declared.
• Dividend payment scheduled for December 9, 2021, reinforcing shareholder value.

Negative

• None.

LOS ANGELES, Nov. 18, 2021 /PRNewswire/ -- 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, 2021, to stockholders of record at the close of business on November 29, 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?

Cathay General Bancorp declared a cash dividend of $0.34 per share.

When will the dividend be paid?

The dividend will be paid on December 9, 2021.

What is the record date for the dividend?

The record date for the dividend is November 29, 2021.

How often does Cathay General Bancorp pay dividends?

Cathay General Bancorp typically pays dividends quarterly, but the frequency may vary.

Is the dividend sustainable for Cathay General Bancorp?

The sustainability of the dividend would depend on the company's ongoing financial performance and cash reserves.