FastMarket.news

Cathay General Bancorp Declares $0.34 Dividend Per Share

Published 15 hours agoCATY
Cathay General Bancorp Declares $0.34 Dividend Per Share

Cathay General Bancorp, trading under the symbol CATY on Nasdaq, has announced a quarterly cash dividend of $0.34 per common share. The company specified that the record date for this dividend is May 30, 2025, with payment scheduled for June 10, 2025. This announcement underscores Cathay General Bancorp's dedication to providing steady shareholder returns.


As the holding company for Cathay Bank, Cathay General Bancorp operates more than 60 branches across the U.S. and internationally. According to Business Wire, this stable dividend payout aligns with their financial strategy aimed at consistent shareholder benefits.


Currently, Cathay General Bancorp's stock price stands at $44.43, marking a marginal change of $0.07 (0.00%) from the previous close. The stock saw an intraday high of $44.765 and low of $44.16, with an intraday volume of 303,576 on the latest trading session as of Friday, May 16.

Share this article

Recent Articles

CNH Industrial Boosts Rural Connectivity Through Satellite Partnerships

CNH Industrial Boosts Rural Connectivity Through Satellite Partnerships

5 minutes agoCNHI

CNH Industrial is making strides in enhancing rural connectivity for farmers, although it hasn't yet teamed up with Starlink. Instead, the company has launched initiatives with other satellite providers to extend internet access in remote agricultural areas. This builds on multiple collaborations, underscoring CNH's dedication to leveraging technology for better farming outcomes. In April 2024, CNH partnered with Intelsat to offer satellite connectivity to its Case IH, Steyr, and New Holland equipment used in remote locations. Starting in Brazil, this service utilizes ruggedized satellite terminals to deliver reliable internet, critical for modern farming practices. A month earlier, Reuters reported CNH's alliance with Telecom Argentina aimed at expanding 4G network reach across 500,000 hectares in Buenos Aires province to bolster digital services for farming communities. CNH Industrial's strategies contrast with competitor John Deere, who in January 2024 announced a partnership with SpaceX's Starlink to address similar connectivity issues. As of May 16, 2025, CNH Industrial's stock traded at $13.67, with a minor increase of $0.26, reflecting steady investor interest amid its ongoing tech collaborations. These efforts highlight CNH's focus on delivering technological solutions tailored to enhance agricultural efficiency and resilience.

Canaan Faces Nasdaq Non-Compliance Notice Due to Low Share Price

Canaan Faces Nasdaq Non-Compliance Notice Due to Low Share Price

20 minutes agoCAN

Canaan Inc. has recently been notified by Nasdaq that it is not in compliance with the exchange's listing standards due to its share price falling below the $1 threshold. This non-compliance notice was triggered after Canaan's stock traded below $1 for 30 consecutive trading days. Nasdaq requires companies to maintain a minimum closing share price of $1. Canaan now has 180 days to bring its share price back above this level to regain compliance. If the company fails to do so within this timeframe, it risks being delisted. Simply Wall Street noted a volatile stock performance, with Canaan's stock dropping 26% over the past month and 21% in the past year, reflecting broader financial challenges. In addition to the price drop, Canaan reported a net loss of $75.58 million in the third quarter of 2024, highlighting ongoing financial difficulties. Nasdaq.com detailed these challenges as part of the company's latest financial report. Canaan's management is tasked with reversing the share price decline and meeting Nasdaq's compliance standards to avoid potential delisting.

Charter and Cox Communications Announce $34.5 Billion Merger

Charter and Cox Communications Announce $34.5 Billion Merger

35 minutes agoCHTR

Charter Communications is set to acquire Cox Communications in a blockbuster deal valued at approximately $34.5 billion. This merger will combine their respective services under the Cox Communications name, creating the largest cable TV and broadband provider in the United States. Reuters reported that the merger's scale will allow the new entity to serve nearly 38 million customers, surpassing Comcast to become the country's top cable operator. In terms of leadership, Charter CEO Chris Winfrey will continue as the President and CEO of the combined company. Alex Taylor, CEO of Cox Enterprises, will take on the role of Chairman of the Board. Cox Enterprises will receive a 23% equity stake in the newly formed company along with $4 billion in cash, making it the largest shareholder. The deal, which includes $21.9 billion in equity for Cox, values the company at $34.5 billion, factoring in its debt. The merger aims to bolster the companies against the competitive pressures from streaming services and the high costs associated with infrastructure. As reported by the Financial Times, Charter anticipates achieving $500 million in annual cost savings within three years and plans to manage $12 billion of Cox's debt. However, the merger still requires shareholder and regulatory approval, and potential challengers like Comcast may pose obstacles in the approval process.

Boeing Nears Deal to Avoid Criminal Trial Over 737 MAX Crashes

Boeing Nears Deal to Avoid Criminal Trial Over 737 MAX Crashes

1 hours agoBA

Boeing is reportedly close to reaching a non-prosecution agreement with the U.S. Department of Justice concerning the tragic 737 MAX crashes that claimed 346 lives in 2018 and 2019. This agreement, if finalized, would enable Boeing to sidestep a criminal trial, thereby avoiding a guilty plea and its repercussions, according to Reuters. As part of the prospective deal, Boeing may contribute an additional $444.5 million to a victims' fund, which supplements the $500 million previously paid in 2021. This comes after a previous plea deal, potentially amounting to $487.2 million in penalties, was rejected by a judge last December. The rejection was based on concerns regarding the selection of an independent monitor, highlighting the complexity and sensitivity of the ongoing proceedings. Victims' families and their legal representatives have voiced criticism toward the Department of Justice, accusing it of undue leniency towards Boeing, despite allegations of severe misconduct. While the possibility of a non-prosecution agreement looms, the DOJ has yet to make a definitive decision, with discussions still in progress and no formal documentation exchanged as of now.