The Cato Corporation Announces Resumption Of Quarterly Dividend

Rhea-AI Summary

The Cato Corporation (NYSE: CATO) announced a quarterly dividend of $0.11 per share, payable on June 21, 2021 to shareholders on record as of June 7, 2021. This dividend translates to an annualized yield of 3.1% based on the closing market price as of May 19, 2021, equating to $0.44 annually. Cato specializes in value-priced fashion apparel and accessories through its Cato, Versona, and It's Fashion brands, providing a variety of exclusive merchandise at competitive prices.

Positive

• Regular quarterly dividend of $0.11 per share provides income for shareholders.
• Annualized yield of 3.1% reflects company confidence in ongoing profitability.

Negative

• None.

CHARLOTTE, N.C., May 20, 2021 /PRNewswire/ -- The Board of Directors of The Cato Corporation (NYSE: CATO) declared a regular quarterly dividend of $0.11 per share.  The dividend will be payable on June 21, 2021 to shareholders of record on June 7, 2021. 

The $0.11 dividend, or $0.44 on an annualized basis, represents an annualized yield of 3.1% at the closing market price on May 19, 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?

Cato Corporation declared a quarterly dividend of $0.11 per share.

When will the dividend be paid by Cato Corporation?

The dividend will be payable on June 21, 2021.

What is the record date for Cato Corporation's dividend?

The record date for the dividend is June 7, 2021.

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

The annualized yield is 3.1% based on the closing market price on May 19, 2021.

How much is Cato Corporation's annual dividend?

Cato Corporation's annual dividend amounts to $0.44 per share.