News

Published on 26 May 2024 on Simply Wall St. via Yahoo Finance

Cathay General Bancorp (NASDAQ:CATY) Could Be A Buy For Its Upcoming Dividend


Article preview image

Cathay General Bancorp (NASDAQ:CATY) stock is about to trade ex-dividend in 3 days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. Thus, you can purchase Cathay General Bancorp's shares before the 30th of May in order to receive the dividend, which the company will pay on the 10th of June.

The company's upcoming dividend is US$0.34 a share, following on from the last 12 months, when the company distributed a total of US$1.36 per share to shareholders. Based on the last year's worth of payments, Cathay General Bancorp stock has a trailing yield of around 3.8% on the current share price of US$36.24. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! We need to see whether the dividend is covered by earnings and if it's growing.

NASDAQ.CATY price evolution

Want to become a better investor?

Start tracking your investments with Statfolio

Sign up for free
Related News
Cathay General Bancorp (CATY) Q4 2024 Earnings Call Highlights: Strong Income...

Release Date: January 22, 2025 For the complete transcript of the earnings call, please refer to ...

GuruFocus.com · via Yahoo Finance 24 Jan 2025

Cathay General Bancorp (CATY) Q4 2024 Earnings Report Preview: What To Expect

Cathay General Bancorp (NASDAQ:CATY) is set to release its Q4 2024 earnings on Jan 22, 2025. The...

GuruFocus.com · via Yahoo Finance 21 Jan 2025

Cathay General Bancorp (NASDAQ:CATY) is largely controlled by institutional...

Key Insights Institutions' substantial holdings in Cathay General Bancorp implies that they have...

Simply Wall St. · via Yahoo Finance 1 Jan 2025

Cathay General Bancorp's (NASDAQ:CATY) Dividend Will Be $0.34

Cathay General Bancorp (NASDAQ:CATY) has announced that it will pay a dividend of $0.34 per share...

Simply Wall St. · via Yahoo Finance 21 Nov 2024

Cathay General Bancorp (CATY) Q3 2024 Earnings Report Preview: What To Expect

Cathay General Bancorp (NASDAQ:CATY) is set to release its Q3 2024 earnings on Oct 21, 2024. The ...

GuruFocus.com · via Yahoo Finance 18 Oct 2024

Cathay General Bancorp (NASDAQ:CATY) Could Be A Buy For Its Upcoming Dividend

Cathay General Bancorp (NASDAQ:CATY) stock is about to trade ex-dividend in 3 days. The ex-divide...

Simply Wall St. via Yahoo Finance 26 May 2024

Shareholders May Find It Hard To Justify Increasing Cathay General Bancorp's (NASDAQ:CATY) CEO...

Key Insights Cathay General Bancorp to hold its Annual General Meeting on 14th of MayTotal pay fo...

Simply Wall St. via Yahoo Finance 7 May 2024

Cathay General Bancorp: In Distress Until Rates Are Cut (NASDAQ:CATY)

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the...

Seeking Alpha 24 Apr 2024

Cathay General Bancorp Just Missed Revenue By 6.6%: Here's What Analysts Think Will Happen Next

Last week saw the newest quarterly earnings release from Cathay General Bancorp (NASDAQ:CATY), an...

Simply Wall St. via Yahoo Finance 24 Apr 2024

Earnings call: Cathay General Bancorp reports Q1 income dip amid loan challenges By Investing.com

Cathay General Bancorp (NASDAQ:CATY) experienced a 13.4% decrease in net income during the first...

Investing.com 23 Apr 2024