Cathay General Bancorp Declares $0.34 Per Share Dividend

Rhea-AI Summary

Cathay General Bancorp (CATY) Declares Cash Dividend of 34 Cents per Share

Positive

• The announcement of a cash dividend indicates the company's financial stability and commitment to rewarding shareholders.
• The dividend amount of 34 cents per common share reflects the company's profitability and potential for future growth.

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 11, 2023, to stockholders of record at the close of business on November 29, 2023.

ABOUT CATHAY GENERAL BANCORP

Cathay General Bancorp is a publicly traded company (Nasdaq: CATY) and is the holding company for Cathay Bank, a California state-chartered bank. Cathay General Bancorp’s website is at www.cathaygeneralbancorp.com. Founded in 1962, Cathay Bank offers a wide range of financial services and currently operates over 60 branches across the United States in California, New York, Washington, Texas, Illinois, Massachusetts, Maryland, Nevada, and New Jersey. Overseas, it has a branch outlet in Hong Kong, and representative offices in Beijing, Shanghai, and Taipei. To learn more about Cathay Bank, please visit www.cathaybank.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231116462511/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 thirty-four cents per common share.

When will the dividend be payable?

The dividend will be payable on December 11, 2023.

Who are eligible to receive the dividend?

Stockholders of record at the close of business on November 29, 2023, are eligible to receive the dividend.