THE CATO CORPORATION SUSPENDS REGULAR QUARTERLY DIVIDEND
The Cato (NYSE: CATO) announced the suspension of its regular quarterly dividend. The Board of Directors made this decision based on current economic conditions and sales trends. The company acknowledges that various factors, including interest rates, inflation, and their effects on customer discretionary spending and operational costs, influenced this decision.
Cato (NYSE: CATO) ha annunciato la sospensione del suo regolare dividendo trimestrale. Il Consiglio di Amministrazione ha preso questa decisione basandosi sulle attuali condizioni economiche e le tendenze di vendita. L'azienda riconosce che diversi fattori, tra cui i tassi d'interesse, l'inflazione e i loro effetti sulle spese discrezionali dei clienti e sui costi operativi, hanno influenzato questa decisione.
Cato (NYSE: CATO) anunció la suspensión de su dividendo trimestral regular. La Junta Directiva tomó esta decisión basándose en las condiciones económicas actuales y las tendencias de ventas. La empresa reconoce que varios factores, incluidos las tasas de interés, la inflación y sus efectos en el gasto discrecional de los consumidores y los costos operativos, influyeron en esta decisión.
카토(NYSE: CATO)가 정기 분기 배당금을 정지한다고 발표했습니다. 이사회의 결정은 현재 경제 상황과 판매 추세를 근거로 하였습니다. 회사는 금리, 인플레이션 및 고객의 재량 지출과 운영 비용에 미치는 영향을 포함한 여러 요인이 이 결정에 영향을 미쳤음을 인정하고 있습니다.
Cato (NYSE: CATO) a annoncé la suspension de son dividende trimestriel régulier. Le conseil d'administration a pris cette décision en se basant sur les conditions économiques actuelles et les tendances de vente. L'entreprise reconnaît que divers facteurs, y compris les taux d'intérêt, l'inflation et leurs effets sur les dépenses discrétionnaires des consommateurs et les coûts opérationnels, ont influencé cette décision.
Cato (NYSE: CATO) hat die Aussetzung seiner regulären vierteljährlichen Dividende angekündigt. Der Vorstand hat diese Entscheidung auf der Grundlage der aktuellen wirtschaftlichen Bedingungen und Verkaufstrends getroffen. Das Unternehmen erkennt an, dass verschiedene Faktoren, einschließlich Zinssätze, Inflation und deren Auswirkungen auf die diskretionären Ausgaben der Kunden und die Betriebskosten, diese Entscheidung beeinflusst haben.
- None.
- Suspension of regular quarterly dividend payments to shareholders
- Concerning sales trends indicating business challenges
- Economic headwinds affecting customer discretionary spending
- Operational cost pressures from inflation
Statements in this press release that express a belief, expectation or intention, as well as those that are not a historical fact, including, without limitation, statements regarding the Company's expected or estimated operational financial results, activities or opportunities, and potential impacts and effects of interest rates, inflation or other factors that may affect our customers' discretionary spending or our costs are considered "forward-looking" within the meaning of The Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current expectations that are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those contemplated by the forward-looking statements. Such factors include, but are not limited to, any actual or perceived deterioration in, or continuation of negative trends in, the conditions that drive consumer confidence and spending, including, but not limited to, prevailing social, economic, political and public health conditions and uncertainties, levels of unemployment, fuel, energy and food costs, inflation, wage rates, tax rates, interest rates, home values, consumer net worth and the availability of credit; changes in laws, regulations or government policies affecting our business including but not limited to tariffs; uncertainties regarding the impact of any governmental action regarding, or responses to, the foregoing conditions; competitive factors and pricing pressures; our ability to predict and respond to rapidly changing fashion trends and consumer demands; our ability to successfully implement our new store development strategy to increase new store openings and the ability of any such new stores to grow and perform as expected; underperformance or other factors that may lead to, or affect the volume of, store closures; adverse weather, public health threats (including the global coronavirus (COVID-19) outbreak), acts of war or aggression or similar conditions that may affect our merchandise supply chain, sales or operations; inventory risks due to shifts in market demand, including the ability to liquidate excess inventory at anticipated margins; adverse developments or volatility affecting the financial services industry or broader financial markets; and other factors discussed under "Risk Factors" in Part I, Item 1A of the Company's most recently filed annual report on Form 10-K and in other reports the Company files with or furnishes to the SEC from time to time. The Company does not undertake to publicly update or revise the forward-looking statements even if experience or future changes make it clear that the projected results expressed or implied therein will not be realized. The Company is not responsible for any changes made to this press release by wire or Internet services.
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SOURCE The Cato Corporation
FAQ
Why did Cato (CATO) suspend its quarterly dividend in November 2024?
When did CATO announce the suspension of its quarterly dividend?
What factors led to CATO's dividend suspension in 2024?
Will CATO shareholders receive any dividend payment after November 2024?
