|Bid||38.40 x 900|
|Ask||42.64 x 1100|
|Day's Range||40.30 - 41.67|
|52 Week Range||35.51 - 48.88|
|Beta (5Y Monthly)||1.23|
|PE Ratio (TTM)||10.73|
|Earnings Date||Jul 25, 2022 - Jul 29, 2022|
|Forward Dividend & Yield||1.36 (3.45%)|
|Ex-Dividend Date||May 26, 2022|
|1y Target Est||49.80|
LOS ANGELES, May 27, 2022--This year marks Cathay Bank’s 60th Anniversary. Founded in 1962 in Los Angeles Chinatown, the bank’s initial focus was to serve the growing and underserved Chinese American community in Los Angeles. Cathay Bank became a publicly traded company, through its holding company Cathay General Bancorp, on Nasdaq in 1990, and by 1999, the bank had expanded its footprint to the East Coast. Today, Cathay Bank remains headquartered in Los Angeles and operates over 60 branches thr
LOS ANGELES, May 27, 2022--Cathay General Bancorp (the "Company", Nasdaq: CATY), the holding company for Cathay Bank, announced that its Board of Directors has adopted a new share repurchase program authorizing the Company to repurchase up to $125,000,000 of the Company’s common stock. The previous $125,000,000 share repurchase program announced on September 2, 2021, was completed on February 18, 2022, with the repurchase of 2,858,503 shares at an average cost of $43.73.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Cathay General (CATY) have what it takes? Let's find out.