Cathay General Bancorp Dividend Insights: Essential Updates Before Ex-Dividend Date May 29, 2025

Cathay General Bancorp has announced a cash dividend of $0.340 per share, with an ex-dividend date set for May 29, 2025, and a dividend payment date on Jun 9, 2025. The announcement was made on May 15, 2025. This dividend is notably higher than the average of the last 10 dividends, which stands at $0.169 per share. The company's previous dividend distribution occurred on Mar 10, 2025, also at $0.340 per share, indicating consistency in their dividend offerings.

Over the past week, Cathay General Bancorp has been the focus of notable developments. Analysts recently reported that Keefe, Bruyette & Woods have adjusted their target price for Cathay General Bancorp stock from $56.00 to $55.00, maintaining a "market perform" rating. This reflects a cautious stance amid evolving market conditions and assessments of the company's financial health.

Since the last update, Jefferies has initiated coverage of Cathay General Bancorp with a Buy recommendation, setting a price target of $53.00. This move indicates confidence in the company's potential growth and stability in its core operations. Recently, Cathay General Bancorp announced the completion of an equity buyback, closing with 2,905,487 shares, which represents 4.05% for $125.07 million. This strategic action underscores their commitment to enhancing shareholder value and optimizing capital structure.

In conclusion, Cathay General Bancorp’s financial activities and analyst assessments reveal a dynamic landscape with implications for investors. The ex-dividend date of May 29, 2025, marks the last opportunity for investors to purchase shares and qualify for the upcoming dividend. Any acquisitions made after this date will not be eligible for the dividend distribution announced this time.