Cathay General Bank Board Greenlights $125 Million Stock Buyback Program

Tuesday, 28 May 2024, 20:51
Cathay General Bank's board of directors has given the green light for a new $125 million stock buyback program. The decision signals the bank's commitment to enhancing shareholder value and confidence in its financial stability. This move comes amidst a volatile market environment, where stock buybacks are seen as a strategic tool to support the company's stock price. The announcement reflects Cathay General Bank's proactive approach to capital management, aiming to drive long-term shareholder returns.
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Cathay General Bank Board Greenlights $125 Million Stock Buyback Program

Cathay General Bank Announces $125 Million Stock Buyback Approval

Cathay General Bank's board of directors has given the green light for a new $125 million stock buyback program. The decision signals the bank's commitment to enhancing shareholder value and confidence in its financial stability.This move comes amidst a volatile market environment, where stock buybacks are seen as a strategic tool to support the company's stock price. The announcement reflects Cathay General Bank's proactive approach to capital management, aiming to drive long-term shareholder returns.

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