THE CATO CORPORATION ANNOUNCES REGULAR QUARTERLY DIVIDEND

Rhea-AI Summary

The Cato Corporation (NYSE: CATO) has declared a $0.17 quarterly dividend, payable on September 26, 2022 to shareholders of record on September 12, 2022. This dividend translates to an annualized payment of $0.68, reflecting a yield of 5.8% based on the market closing price on August 25, 2022. Cato operates three retail concepts: Cato, Versona, and It's Fashion, focusing on value-priced fashion apparel and accessories. The company's strategy emphasizes exclusive merchandise at competitive prices.

Positive

• $0.17 quarterly dividend supports shareholder income.
• 5.8% annualized yield is attractive compared to market rates.

Negative

• None.

CHARLOTTE, N.C., Aug. 26, 2022 /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 September 26, 2022 to shareholders of record on September 12, 2022. 

The $0.17 dividend, or $0.68 on an annualized basis, represents an annualized yield of 5.8% at the closing market price on August 25, 2022.

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 Cato Corporation's dividend amount and payment date?

The Cato Corporation has declared a dividend of $0.17 per share, payable on September 26, 2022.

What is the annualized dividend yield for Cato Corporation?

The annualized dividend yield for Cato Corporation is 5.8%, based on the closing price as of August 25, 2022.

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

The record date for Cato Corporation's dividend is September 12, 2022.