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