Cathay General Bancorp Declares $0.34 Per Share Dividend

Rhea-AI Summary

Cathay General Bancorp (NASDAQ: CATY) announced a cash dividend of 34 cents per common share, set to be paid on March 9, 2023. Stockholders on record by February 27, 2023, will receive this dividend. The company operates over 60 branches across the U.S. and maintains international offices in Hong Kong, Beijing, Shanghai, and Taipei. This dividend reflects the company's commitment to returning value to its shareholders, highlighting its stable financial position amidst a competitive banking landscape.

Positive

• Dividend of 34 cents per share indicates financial stability and shareholder return.

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 March 9, 2023, to stockholders of record at the close of business on February 27, 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 operate 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 a representative office 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/20230216005009/en/

Heng W. Chen

(626) 279-3652

Source: Cathay General Bancorp

FAQ

What is the dividend amount declared by Cathay General Bancorp for 2023?

The dividend amount declared by Cathay General Bancorp for 2023 is 34 cents per common share.

When will the dividend be paid to shareholders?

The dividend will be paid on March 9, 2023.

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

The record date for the dividend is February 27, 2023.

Is Cathay General Bancorp's dividend sustainable?

The sustainability of Cathay General Bancorp's dividend will depend on its ongoing financial performance and market conditions.