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Cathay General Bancorp Dividends

CATY Stock Analysis

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Section title

Dividend Yield
3.18%
Payout Ratio
32.69%
Dividend Amount Per Share
$1.36
Last Ex-Dividend Date
Aug 29, 2024

CATY Dividend Safety

CATY paid out 32.69% of its $354M earnings as dividends over the last 12 months.

Safe

  1. Very Unsafe

  2. Unsafe

  3. Somewhat Safe

  4. Safe

  5. Very Safe

Dividend Payout Ratio

CATY's Dividend Payout Ratio of 32.692% is considered safe for the Financial Services sector, indicating that the company retains enough earnings to support business growth.

Interest Rate Coverage

CATY's Interest Coverage Ratio of 0.896 poses a risk, signaling financial challenges due to insufficient earnings to cover interest expenses.

Income Quality

CATY shows excellent income quality with a ratio of 1.086. This indicates high-quality earnings and low risk of dividend cuts.

CATY Dividend Growth

Cathay General Bancorp(CATY) offers a dividend yield of 3.18% and pays $1.36 in dividends per share. Explore the historical dividend growth of CATY.

Dividend Stability

CATY has maintained stable dividend payments over the past 10 years with no cuts over 5%.

Dividend Growth

CATY's dividend payments have shown very poor growth, growing by 1.865% over the last 5 years.

Earnings Growth

CATY's earnings have shown moderate growth, growing by 4.874% annually over the last 5 years. Moderate growth indicates some stability but also potential uncertainty, suggesting that while dividends can continue, significant increases might be less likely.

CATY Dividend Yield Attractiveness

Cathay General Bancorp(CATY) provides a dividend yield of 3.18%. Compare this with the averages of its peers, industry, and sector to see how it stacks up.

Yield %

Peers

CATY

Sector

Industry

2.62%

3.18%

3.73%

4.13%

Dividend Yield

CATY's dividend yield of 3.18% is considered good compared to the sector average of 3.73%, providing a strong safety margin for investors.

CATY Cash Flow

Over the past 12 months, CATY generated $735M in revenue, produced $330M in free cash flow, and distributed $99M in dividends.

100%75%50%25%0%

Free Cash Flow Growth

CATY's free cash flow has decreased by -2.275% annually over the last 5 years, indicating a weak ability to generate cash and support dividend payments.

CATY Free Cash Flow and Dividends Paid

This chart shows the Free Cash Flow (FCF) and the portion of FCF used to pay dividends each year by Cathay General Bancorp. The filled portion of the bar represents the dividends paid, while the remaining portion represents the remaining FCF.