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. This dividend will be payable on September 9, 2022, to stockholders recorded by the close of business on August 30, 2022. Founded in 1962, Cathay General Bancorp is the holding company for Cathay Bank, which provides a variety of financial services and operates numerous branches across the U.S. and beyond.

Positive

• Cash dividend of 34 cents per share announced, showing commitment to shareholder returns.

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 September 9, 2022, to stockholders of record at the close of business on August 30, 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 46 branches in California, 9 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/20220818005670/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 will Cathay General Bancorp pay the dividend?

The dividend will be payable on September 9, 2022.

What is the record date for the dividend?

The record date for the dividend payout is August 30, 2022.

How does the dividend impact shareholders of CATY?

The dividend provides income for shareholders and reflects the company's confidence in its financial stability.