Cathay General Bancorp (CATY) To Go Ex-Dividend on December 1st

Cathay General Bancorp (NASDAQ:CATY) declared a quarterly dividend on Thursday, November 20th. Shareholders of record on Monday, December 1st will be given a dividend of 0.34 per share by the bank on Thursday, December 11th. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, December 1st.

Cathay General Bancorp has raised its dividend payment by an average of 0.0%annually over the last three years. Cathay General Bancorp has a payout ratio of 27.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Cathay General Bancorp to earn $4.75 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 28.6%.

Cathay General Bancorp Trading Up 3.6%

Shares of NASDAQ:CATY opened at $47.83 on Friday. The stock’s 50-day simple moving average is $47.37 and its two-hundred day simple moving average is $46.60. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 11.05 and a beta of 0.97. Cathay General Bancorp has a 52-week low of $36.06 and a 52-week high of $55.29. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.05 and a current ratio of 1.04.

Cathay General Bancorp (NASDAQ:CATY) last issued its quarterly earnings data on Tuesday, October 21st. The bank reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.02). The business had revenue of $210.61 million during the quarter, compared to the consensus estimate of $202.71 million. Cathay General Bancorp had a return on equity of 10.60% and a net margin of 22.26%.During the same quarter last year, the company earned $0.94 EPS. Analysts expect that Cathay General Bancorp will post 4.47 EPS for the current year.

About Cathay General Bancorp

Cathay General Bancorp operates as the holding company for Cathay Bank that offers various commercial banking products and services to individuals, professionals, and small to medium-sized businesses in the United States. The company offers various deposit products, including passbook accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, and public funds deposits.