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Share Repurchase Plan Initiated by Cathay General Bancorp (NASDAQ:CATY) Board of Directors
Cathay General Bancorp (NASDAQ:CATY) announced that its board has authorized a share repurchase plan. The article reports a repurchase amount of $150,000.00 billion and 4,164,630.6% of shares, which appear to be significant typos. This announcement follows better-than-expected Q1 earnings, with EPS of $1.29 and revenue of $213.2 million, and an increased quarterly dividend to $0.38 per share.