The board of directors approved the transition from the previous 34-cent distribution, bringing the total annualized payout to $1.52 per share. Based on the stock's recent closing price of $53.33, this newly adjusted dividend represents an annual yield of approximately 2.9%.
In section Market Quotes
Cathay General Bancorp Increases Quarterly Dividend by 12%
Cathay General Bancorp announced a 12% increase to its quarterly cash dividend on Friday, raising the payout to 38 cents per share. The boost signals a strengthened capital return strategy for the financial holding company as it prepares for a March distribution to stockholders.
Dividend Schedule and Eligibility
According to the company's announcement, the dividend is scheduled for payment on March 9. To qualify for the distribution, investors must be stockholders of record as of the close of business on Feb. 26.This double-digit hike reflects the firm's current liquidity position and its commitment to returning value to shareholders. The move aligns with broader industry trends where stable financial institutions are leveraging capital strength to maintain competitive yields for their investor base.
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