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Monday Is Your Last Chance To Buy Cathay General Before The Dividend Payout

Benzinga ·  11/23/2023 22:45

Monday marks the last chance for investors to receive the next dividend payout from Cathay General (NASDAQ:CATY). What's HappeningThe company announced on Thursday that it would pay shareholders a quarterly dividend of 34 cents per share. On Tuesday, Cathay General will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 34 cents lower than it would have opened on any other day.In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday

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