Cathay General Keeps Dividend at a Penny

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California-based banking concern Cathay General Bancorp  announced yesterday its second-quarter dividend of $0.01 per share, the same quarterly rate it's paid for the past four years.

The board of directors said the quarterly dividend is payable on June 13 to the holders of record at the close of business on June 3. Cathay General has paid quarterly dividends since at least 1991.

The regular dividend payment equates to a $0.04-per-share annual dividend yielding 0.2% based on the closing price of Cathay General Bancorp's stock on May 17.


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The article Cathay General Keeps Dividend at a Penny originally appeared on Fool.com.

Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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