LOS ANGELES - Cathay General Bancorp (NASDAQ: NASDAQ:CATY), the parent company of Cathay Bank, has declared a quarterly cash dividend. The company announced that its Board of Directors has approved a dividend of $34 cents per common share. This dividend is scheduled to be paid on March 11, 2024, to shareholders who are on record as of the close of business on February 28, 2024.
Cathay General Bancorp, established in 1962, operates as the holding company for Cathay Bank, which provides a variety of financial services. The bank has over 60 branches throughout the United States, including locations in California, New York, Washington, Texas, Illinois, Massachusetts, Maryland, Nevada, and New Jersey. Additionally, Cathay Bank maintains an international presence with a branch in Hong Kong and representative offices in Beijing, Shanghai, and Taipei.
This dividend announcement is a routine part of Cathay General Bancorp's financial operations, reflecting the company's commitment to providing returns to its investors. Dividends are a way for companies to distribute a portion of their earnings back to shareholders, and the declaration of a dividend typically reflects the company's confidence in its financial stability and profitability.
Investors often view regular and consistent dividend payments as a sign of a company's strong financial health and its ability to generate cash flow. Cathay General Bancorp's announcement is based on a press release statement and provides shareholders with information on the upcoming dividend payment.
It is important for investors to note that the information provided is based solely on the statement released by Cathay General Bancorp and does not imply any endorsement of the company's performance or future prospects. The company's past performance and dividend history are not indicative of future results, and investors are encouraged to conduct their own research when making investment decisions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.