Monday Is Your Last Chance To Buy Cathay General Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Cathay General (NASDAQ:CATY) announced a quarterly dividend of 34 cents per share, with Monday being the last day for investors to buy shares and be eligible for the dividend. The stock will go ex-dividend on Tuesday and is expected to open 34 cents lower. The dividend is scheduled to be paid on December 11, 2023.
November 23, 2023 | 2:45 pm
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Cathay General (NASDAQ:CATY) will pay a quarterly dividend of 34 cents per share, with the ex-dividend date set for Tuesday. The stock price is likely to open lower by the dividend amount on that day.
The stock price is expected to drop by the amount of the dividend on the ex-dividend date, which is a common occurrence as the dividend payment is factored into the stock price. This anticipated drop is typically short-term and reflects the payout rather than a change in the company's fundamentals.
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