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

NEW YORK ( TheStreet) -- The ex-dividend date for Cathay General Bancorp (Nasdaq: CATY) is tomorrow, May 30, 2012. Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $16.82 as of 9:30 a.m. ET, the dividend yield is 0.2%.

The average volume for Cathay General has been 388,200 shares per day over the past 30 days. Cathay General has a market cap of $1.31 billion and is part of the financial sector and banking industry. Shares are up 11.7% 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 14.5, above the average banking industry P/E ratio of 14.4 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 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 we feel that the company's cash flow from its operations has been weak overall. You can view the full Cathay General Ratings Report.

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