Cathay General Bancorp (NASDAQ:CATY) Updates On Dividend Release Date


On 2016-08-19, Cathay General Bancorp (NASDAQ:CATY) confirmed the dividend disbursement of $0.18 a share to shareholders as on record 2016-09-01. The firm will release dividend on 2016-09-12 while ex-dividend date is reported to be 2016-08-30.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Cathay General Bancorp (NASDAQ:CATY) paid a total of $0.18 per share in dividends. This figure stood at $0.18 a share in the same period a year ago indicating a deviation of 93.1035%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $32.125 on the stock. This figure is the average of recommendations offered by 4 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $33 and $31.5, respectively.

Taking the mathematical rating formula, the price for Cathay General Bancorp (NASDAQ:CATY) stands at 3. Earnings Review Cathay General Bancorp (NASDAQ:CATY) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-18. For the period ending on 2016-09-30, experts are expecting EPS of $0.6.

Coming to the quarter ending on 2015-12-31, Cathay General Bancorp (NASDAQ:CATY) recorded EPS of $0.44. The reported numbers came lower than the analysts’ estimates of $0.43, demonstrating a miss of $0.01 as against reported figures.

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