Cathay General Stock To Go Ex-dividend Tomorrow (CATY)

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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TheStreet Ratings rates Cathay General as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we find that revenues have generally been declining. You can view the full Cathay General Ratings Report.

See our dividend calendar or top-yielding stocks list.

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