Cathay General Stock To Go Ex-dividend Tomorrow (CATY)
The ex-dividend date for Cathay General Bancorp (Nasdaq:CATY) is tomorrow, December 1, 2011. Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $12.76 as of 9:30 a.m., the dividend yield is 0.3%.
NEW YORK ( TheStreet) -- The ex-dividend date for Cathay General Bancorp (Nasdaq: CATY) is tomorrow, December 1, 2011. Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $12.76 as of 9:30 a.m. ET, the dividend yield is 0.3%. The average volume for Cathay General has been 556,400 shares per day over the past 30 days. Cathay General has a market cap of $986.2 million and is part of the financial sector and banking industry. Shares are down 25.4% year to date as of the close of trading on Tuesday. 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 13.2, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Cathay General as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow. You can view the full Cathay General Ratings Report. See our dividend calendar or top-yielding stocks list.