Cathay General (CATY) announces a new share repurchase program worth $125 million, with no set expiration date. Its strong liquidity position is expected to help sustain the capital distribution.
Cathay General Bancorp's ( NASDAQ:CATY ) investors are due to receive a payment of $0.34 per share on 10th of June...
LOS ANGELES, May 28, 2024--Cathay General Bancorp (the "Company", Nasdaq: CATY), the holding company for Cathay Bank, announced that its Board of Directors has adopted a new share repurchase program authorizing the Company to repurchase up to $125,000,000 of the Company’s common stock. The previous $125,000,000 share repurchase program announced on May 26, 2022, was completed on February 21, 2023, with the repurchase of 2,897,628 shares at an average cost of $43.14.