For a periodic Hamiltonian, periodic dynamical invariants may be used to ob
tain non-degenerate cyclic states. This observation is generalized to the d
egenerate cyclic states, and the relation between the periodic dynamical in
variants and the Floquet decompositions of the time-evolution operator is e
lucidated. In particular, a necessary condition for the occurrence of cycli
c non-adiabatic non-Abelian geometrical phase is derived. Degenerate cyclic
states are obtained for a magnetic dipole interacting with a precessing ma
gnetic field.