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 June 6, 2022, to stockholders recorded by the close of business on May 27, 2022.

Founded in 1962, Cathay Bank operates 47 branches in California and various locations nationwide, focusing on a wide range of financial services.

Positive

• Declared a cash dividend of 34 cents per share, indicating confidence in financial stability.

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• 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 June 6, 2022, to stockholders of record at the close of business on May 27, 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 47 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220516005809/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 payment date for CATY?

The dividend payment date for CATY is June 6, 2022.

What is the record date for the dividend declaration by Cathay General Bancorp?

The record date for the dividend is May 27, 2022.

How does the cash dividend impact Cathay General Bancorp shareholders?

The cash dividend provides income for shareholders, reflecting the company's financial health.