Cathay General Bancorp (NASDAQ:CATY) Updates On Quarterly Dividend


As per Cathay General Bancorp (NASDAQ:CATY) statement on 2016-05-20, the shareholders would receive dividend for the gone quarter. The company confirmed that it will disburse $0.18 per share as dividend to stakeholders. The record date is set as 2016-06-01, the payout date as 2016-06-13 and the ex-dividend date is 2016-05-27.

Last fiscal Cathay General Bancorp (NASDAQ:CATY) disbursed cash dividend of $0.18. A year ago, the payout was $0.18, which indicates a difference of 93.1035%. The past track record of five years substantiates that the average payout as given by the firm stands at $0.18, implying 69.5218% growth.

For the period ended on 2015-12-31, Cathay General Bancorp (NASDAQ:CATY)’s earnings came at $0.44 per share compared to EPS of $0.47 a year ago. This quarter the firm can post earnings for quarter ending 2016-09-30 on or around 2016-10-18. For this quarter, the analysts have earnings estimate of $0.6 per share.

The interim price target for Cathay General Bancorp (NASDAQ:CATY) is set at $32.125. This level is the mean price reached by averaging the stock views of 4 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate for Cathay General Bancorp (NASDAQ:CATY) is seen at $33 and the lowest level is established at $31.5. This broad range highlights a standard deviation of $0.629 in reported estimates.

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