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LOS ANGELES - Cathay General Bancorp (NASDAQ:CATY), a $3.27 billion market cap financial institution, announced Friday that its Board of Directors has declared a cash dividend of $0.34 per common share. The dividend will be payable on September 8, 2025, to stockholders of record at the close of business on August 28, 2025. According to InvestingPro data, the company has maintained dividend payments for 35 consecutive years, with a current dividend yield of 2.81%.
Cathay General Bancorp is the holding company for Cathay Bank, which was founded in 1962. The bank provides a range of financial services through its network of over 60 branches located across nine states, including California, New York, Washington, Texas, Illinois, Massachusetts, Maryland, Nevada, and New Jersey. The company also maintains an international presence with a branch in Hong Kong and representative offices in Beijing, Shanghai, and Taipei.
The announcement was made in a press release issued by the company.
In other recent news, Cathay General Bancorp reported its financial results for the second quarter of 2025, showing an earnings per share (EPS) of $1.10, which slightly exceeded the forecast of $1.09. However, the company did not meet its revenue forecast, though specific figures were not disclosed. Additionally, Cathay General Bancorp has experienced stronger loan growth, prompting the company to adjust its loan growth guidance to 3-4% from the previous 1-4% range. Keefe, Bruyette & Woods responded to this development by raising its price target for the company to $52, while maintaining a Market Perform rating. Similarly, DA Davidson increased its price target to $51, citing the company’s solid net interest income growth and net interest margin expansion. Both firms maintained their respective ratings, with DA Davidson holding a Neutral stance. These updates reflect recent developments surrounding Cathay General Bancorp.
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