The Cato Corporation Announces Regular Quarterly Dividend

Rhea-AI Summary

The Cato Corporation (NYSE: CATO) has declared a regular quarterly dividend of $0.17 per share, scheduled for payment on January 3, 2022. Shareholders on record as of December 20, 2021 will receive this dividend. This dividend amounts to an annualized yield of 4.3% based on the market price as of November 18, 2021, reflecting the company's ongoing commitment to returning value to its shareholders.

Positive

• Quarterly dividend of $0.17 per share, reflecting a profit-sharing strategy.
• Annualized yield of 4.3% indicates strong shareholder value.

Negative

• None.

CHARLOTTE, N.C., Nov. 18, 2021 /PRNewswire/ -- The Board of Directors of The Cato Corporation (NYSE: CATO) declared a regular quarterly dividend of $0.17 per share.  The dividend will be payable on January 3, 2022 to shareholders of record on December 20, 2021. 

The $0.17 dividend, or $0.68 on an annualized basis, represents an annualized yield of 4.3% at the closing market price on November 18, 2021.

The Cato Corporation is a leading specialty retailer of value-priced fashion apparel and accessories operating three concepts, "Cato," "Versona" and "It's Fashion."  The Company's Cato stores offer exclusive merchandise with fashion and quality comparable to mall specialty stores at low prices every day.  The Company also offers exclusive merchandise found in its Cato stores at www.catofashions.com.  Versona is a unique fashion destination offering apparel and accessories including jewelry, handbags and shoes at exceptional prices every day.  Select Versona merchandise can also be found at www.shopversona.com.  It's Fashion offers fashion with a focus on the latest trendy styles for the entire family at low prices every day.

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SOURCE The Cato Corporation

FAQ

What is the dividend amount declared by Cato Corporation?

The Cato Corporation declared a quarterly dividend of $0.17 per share.

When will the Cato Corporation dividend be paid?

The dividend will be paid on January 3, 2022.

What is the record date for the Cato Corporation dividend?

The record date for the dividend is December 20, 2021.

What is the annualized yield of Cato Corporation's dividend?

The annualized yield is 4.3% based on the market price on November 18, 2021.