Cathay General Coping with Challenges: Bouncing Back with Steady Distribution and Decreasing Investor Rewards
By the close of today, March 11, 2024, Cathay General (NASDAQ:CATY) will issue a dividend payout of $0.34 per share, resulting in an annualized dividend yield of 3.46%. Only those investors who owned the stock prior to the ex-dividend date on February 27, 2024 will receive this payout.
Cathay General Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-27 | 4 | $0.34 | 3.46% | 2024-02-15 | 2024-02-28 | 2024-03-11 |
| 2023-11-28 | 4 | $0.34 | 3.62% | 2023-11-16 | 2023-11-29 | 2023-12-11 |
| 2023-08-29 | 4 | $0.34 | 3.92% | 2023-08-17 | 2023-08-30 | 2023-09-11 |
| 2023-05-26 | 4 | $0.34 | 4.43% | 2023-05-18 | 2023-05-30 | 2023-06-09 |
| 2023-02-24 | 4 | $0.34 | 3.05% | 2023-02-16 | 2023-02-27 | 2023-03-09 |
| 2022-11-28 | 4 | $0.34 | 3.0% | 2022-11-17 | 2022-11-29 | 2022-12-09 |
| 2022-08-29 | 4 | $0.34 | 3.03% | 2022-08-18 | 2022-08-30 | 2022-09-09 |
| 2022-05-26 | 4 | $0.34 | 3.45% | 2022-05-16 | 2022-05-27 | 2022-06-06 |
| 2022-02-24 | 4 | $0.34 | 2.86% | 2022-02-14 | 2022-02-25 | 2022-03-07 |
| 2021-11-26 | 4 | $0.34 | 3.07% | 2021-11-18 | 2021-11-29 | 2021-12-09 |
| 2021-08-27 | 4 | $0.31 | 3.2% | 2021-08-19 | 2021-08-30 | 2021-09-09 |
| 2021-05-27 | 4 | $0.31 | 2.88% | 2021-05-17 | 2021-05-28 | 2021-06-07 |
With a dividend yield that places it neither at the top nor the bottom, Cathay General finds itself in the middle among its industry peers, while TFS Financial (NASDAQ:TFSL) boasts the highest annualized dividend yield at 8.82%.
Analyzing Cathay General Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
The company demonstrated a positive dividend growth pattern from 2020 to 2023, with the dividend per share rising from $1.24 to $1.36. This signifies the company's commitment to consistently increasing shareholder dividends.
YoY Earnings Growth For Cathay General
From 2020 to 2023, Cathay General has demonstrated an upward trend in earnings, with earnings per share rising from $2.82 to $5.06. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.
Recap
In this article, we delve into Cathay General's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.34 per share today, resulting in an annualized dividend yield of 3.46%.
With a dividend yield that places it neither at the top nor the bottom, Cathay General finds itself in the middle among its industry peers, while TFS Financial boasts the highest annualized dividend yield at 8.82%.
The increase in both dividend per share and earnings per share from 2020 to 2023 for Cathay General indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.
To remain updated on any changes in financials or dividend disbursements, investors should closely observe the company's performance in the coming quarters.
[See current stock movements Cathay General on Benzinga.](https://www.benzinga.com/quote/Cathay General (NASDAQ: CATY))
This article was generated by Benzinga's automated content engine and reviewed by an editor.