Cathay General Bancorp's most recent quarterly dividend was on May 26, 2023 (ex-date) with a cash dividend payment of $0.34 per share. On an annualized basis, the company has a current payout of $1.36 per share. This brings the dividend yield to 4.65% based on its recent close price.
CATY has a dividend yield of 4.65% which is higher than the Financial Services sector and the industry average but lower than its peers average. In comparison with the Financial Services sector average of 3.91%, Cathay General Bancorp's dividend yield is 19% higher. The historical 5-year average of CATY's dividend yield is 3.4%, which is lower than the current one.
Cathay General Bancorp has been paying dividends since 1994. CATY has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 2.3% for the last year. And since the stock price has gone down by 29% from a year ago, the dividend yield has increased by 44%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| May 26, 2023 | Jun 9, 2023 | May 18, 2023 | $0.34 | normal |
| Feb 24, 2023 | Mar 9, 2023 | Feb 16, 2023 | $0.34 | normal |
| Nov 28, 2022 | Dec 9, 2022 | Nov 17, 2022 | $0.34 | normal |
| Aug 29, 2022 | Sep 9, 2022 | Aug 18, 2022 | $0.34 | normal |
| May 26, 2022 | Jun 6, 2022 | May 16, 2022 | $0.34 | normal |
| Feb 24, 2022 | Mar 7, 2022 | Feb 14, 2022 | $0.34 | normal |
| Nov 26, 2021 | Dec 9, 2021 | Nov 18, 2021 | $0.34 | normal |
| Aug 27, 2021 | Sep 9, 2021 | Aug 19, 2021 | $0.31 | normal |
| May 27, 2021 | Jun 7, 2021 | May 17, 2021 | $0.31 | normal |
| Feb 26, 2021 | Mar 11, 2021 | Feb 18, 2021 | $0.31 | normal |
| Nov 30, 2020 | Dec 11, 2020 | Nov 20, 2020 | $0.31 | normal |
| Aug 31, 2020 | Sep 11, 2020 | Aug 20, 2020 | $0.31 | normal |
| Jun 1, 2020 | Jun 12, 2020 | May 21, 2020 | $0.31 | normal |
| Feb 28, 2020 | Mar 12, 2020 | Feb 20, 2020 | $0.31 | normal |
| Nov 29, 2019 | Dec 12, 2019 | Nov 21, 2019 | $0.31 | normal |
| Aug 30, 2019 | Sep 13, 2019 | Aug 15, 2019 | $0.31 | normal |
| May 31, 2019 | Jun 13, 2019 | May 16, 2019 | $0.31 | normal |
| Mar 1, 2019 | Mar 14, 2019 | Feb 21, 2019 | $0.31 | normal |
| Nov 30, 2018 | Dec 13, 2018 | Nov 15, 2018 | $0.31 | normal |
| Aug 31, 2018 | Sep 14, 2018 | Aug 16, 2018 | $0.24 | normal |
| May 31, 2018 | Jun 11, 2018 | May 17, 2018 | $0.24 | normal |
| Feb 28, 2018 | Mar 12, 2018 | Feb 15, 2018 | $0.24 | normal |
| Nov 30, 2017 | Dec 11, 2017 | Nov 16, 2017 | $0.24 | normal |
| Aug 30, 2017 | Sep 11, 2017 | Aug 17, 2017 | $0.21 | normal |
| May 30, 2017 | Jun 12, 2017 | May 18, 2017 | $0.21 | normal |
| Feb 27, 2017 | Mar 10, 2017 | Feb 16, 2017 | $0.21 | normal |
| Nov 29, 2016 | Dec 12, 2016 | Nov 17, 2016 | $0.21 | normal |
| Aug 30, 2016 | Sep 12, 2016 | Aug 18, 2016 | $0.18 | normal |
| May 27, 2016 | Jun 13, 2016 | May 19, 2016 | $0.18 | normal |
| Feb 26, 2016 | Mar 11, 2016 | Feb 18, 2016 | $0.18 | normal |
CATY has a payout ratio of 26.3% which is lower than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 32.1%, Cathay General Bancorp's payout ratio is 18% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| HTBK Heritage Commerce Corp | 7.14% | $0.52 | 43.7% |
| PPBI Pacific Premier Bancorp Inc | 7.01% | $1.32 | 44.9% |
| CVBF Cvb Financial Corp | 6.58% | $0.79 | 44.6% |
| BMRC Bank of Marin Bancorp | 6.18% | $1 | 35% |
| BSRR Sierra Bancorp | 5.75% | $0.92 | 39.3% |
| CATY Cathay General Bancorp | 4.65% | $1.36 | 26.3% |
| EWBC East West Bancorp Inc | 3.68% | $1.76 | 20.5% |
| CVCY Central Valley Community Bancorp | 3.33% | $0.48 | 20.3% |
Yes, Cathay General Bancorp has paid four dividends in the last 12 months. CATY has been paying dividends since 1994.
Currently CATY's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in August 2023.
Cathay General Bancorp's last dividend ex-date was on May 26, 2023. The dividend amount was $0.34 per share.
On an annual basis CATY pays $1.36 per share.
Cathay General Bancorp's current dividend yield is 4.65%.
Cathay General Bancorp has a quarterly dividend frequency.
Cathay General Bancorp's dividend payout ratio is 26.3%.
Cathay General Bancorp's dividend yield is higher than the Financial Services sector average.