Cato Corp Declares Quarterly Dividend of $0.33 (NYSE:CATO)

Cato Corp (NYSE:CATO) announced a quarterly dividend on Friday, November 22nd, Zacks reports. Stockholders of record on Monday, December 16th will be paid a dividend of 0.33 per share by the specialty retailer on Thursday, January 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.11%. The ex-dividend date of this dividend is Friday, December 13th.

NYSE:CATO traded down $0.48 during midday trading on Wednesday, reaching $18.56. 6,433 shares of the stock traded hands, compared to its average volume of 215,081. The company has a fifty day moving average of $18.20 and a 200 day moving average of $15.60. Cato has a 12 month low of $11.85 and a 12 month high of $19.73. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.39 and a current ratio of 2.00. The stock has a market capitalization of $469.07 million, a P/E ratio of 12.66 and a beta of 0.44.

Cato (NYSE:CATO) last posted its quarterly earnings results on Thursday, November 21st. The specialty retailer reported $0.24 EPS for the quarter. Cato had a net margin of 4.34% and a return on equity of 10.94%. The company had revenue of $191.52 million during the quarter.

Separately, ValuEngine lowered shares of Cato from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th.

About Cato

The Cato Corporation, together with its subsidiaries, operates as a specialty retailer of fashion apparel and accessories primarily in the southeastern United States. It operates through two segments, Retail and Credit. The company's stores and e-commerce Websites offer a range of apparel and accessories, including dressy, career, and casual sportswear; and dresses, coats, shoes, lingerie, costume jewelry, and handbags, as well as men's wear, and lines for kids and infants.

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Dividend History for Cato (NYSE:CATO)

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