By the end of today, December 11, 2023, Cathay General CATY is set to deliver a dividend payout of $0.34 per share, equating to an annualized dividend yield of 3.62%. Shareholders who owned the stock prior to the ex-dividend date on November 28, 2023 will receive this payout.
Cathay General Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-11-28 | 4 | $0.34 | 3.62% | 2023-11-16 | 2023-11-29 | 2023-12-11 |
| 2023-08-29 | 4 | $0.34 | 3.92% | 2023-08-17 | 2023-08-30 | 2023-09-11 |
| 2023-05-26 | 4 | $0.34 | 4.43% | 2023-05-18 | 2023-05-30 | 2023-06-09 |
| 2023-02-24 | 4 | $0.34 | 3.05% | 2023-02-16 | 2023-02-27 | 2023-03-09 |
| 2022-11-28 | 4 | $0.34 | 3.0% | 2022-11-17 | 2022-11-29 | 2022-12-09 |
| 2022-08-29 | 4 | $0.34 | 3.03% | 2022-08-18 | 2022-08-30 | 2022-09-09 |
| 2022-05-26 | 4 | $0.34 | 3.45% | 2022-05-16 | 2022-05-27 | 2022-06-06 |
| 2022-02-24 | 4 | $0.34 | 2.86% | 2022-02-14 | 2022-02-25 | 2022-03-07 |
| 2021-11-26 | 4 | $0.34 | 3.07% | 2021-11-18 | 2021-11-29 | 2021-12-09 |
| 2021-08-27 | 4 | $0.31 | 3.2% | 2021-08-19 | 2021-08-30 | 2021-09-09 |
| 2021-05-27 | 4 | $0.31 | 2.88% | 2021-05-17 | 2021-05-28 | 2021-06-07 |
| 2021-02-26 | 4 | $0.31 | 3.29% | 2021-02-18 | 2021-03-01 | 2021-03-11 |
Cathay General's dividend yield falls in the middle range when compared to its industry peers, with TFS Financial TFSL having the highest annualized dividend yield at 8.40%.
Analyzing Cathay General Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
Investors witnessed an upward trajectory in the company's dividend per share between 2019 and 2022. The dividend per share rose from $1.24 to $1.36, indicating the company's dedication to enhancing shareholder value through increased dividends.
YoY Earnings Growth For Cathay General
From 2019 to 2022, Cathay General has demonstrated an upward trend in earnings, with earnings per share rising from $3.44 to $4.50. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.
Recap
This article takes an in-depth look at Cathay General's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.34 per share today, translating to an annualized dividend yield of 3.62%.
Cathay General's dividend yield falls in the middle range when compared to its industry peers, with TFS Financial having the highest annualized dividend yield at 8.40%.
With an increase in dividend per share and earnings per share from 2019 to 2022, Cathay General demonstrates a healthy financial status and is likely to maintain their dividend distribution to investors.
To stay informed about changes in financials or dividend disbursements, investors should pay close attention to the company's performance in the upcoming quarters.
[See current stock movements Cathay General on Benzinga.](https://www.benzinga.com/quote/Cathay General (NASDAQ: CATY))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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