Cato Corp (CATO) Announces Dividend Increase – $0.33 Per Share
Cato Corp (NYSE:CATO) announced a dividend on Friday, March 2nd, Fidelity reports. Stockholders of record on Monday, March 12th will be paid a dividend of 0.33 per share by the specialty retailer on Wednesday, March 28th. The ex-dividend date is Friday, March 9th. This is an increase from Cato’s previous dividend of $0.30.
Cato has raised its dividend payment by an average of 11.6% annually over the last three years and has increased its dividend annually for the last 8 consecutive years. Cato has a payout ratio of 78.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.
Shares of Cato (NYSE CATO) opened at $11.82 on Friday. Cato has a one year low of $10.76 and a one year high of $24.50. The firm has a market cap of $275.12, a PE ratio of 26.27 and a beta of 0.94.
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Cato Company Profile
The Cato Corporation is a fashion specialty retailer. The Company’s merchandise lines include dressy, career, and casual sportswear, dresses, coats, shoes, lingerie, costume jewelry, handbags, men’s wear and lines for kids and newborns. The Company has two segments: the operation of a fashion specialty stores segment (Retail Segment) and a credit card segment (Credit Segment).
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