NEW YORK ( TheStreet) -- The ex-dividend date for Cathay General Bancorp (Nasdaq: CATY) is tomorrow, August 30, 2011. Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $12.56 as of 9:30 a.m. ET, the dividend yield is 0.3%. The average volume for Cathay General has been 584,900 shares per day over the past 30 days. Cathay General has a market cap of $953.1 million and is part of the financial sector and banking industry. Shares are down 26% year to date as of the close of trading on Friday. Cathay General Bancorp operates as the holding company for Cathay Bank, which offers various commercial banking products and services for individuals, professionals, and small to medium-sized businesses primarily in California. The company has a P/E ratio of 14.3, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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