THE CATO CORPORATION ANNOUNCES REGULAR QUARTERLY DIVIDEND

The Cato Corporation (NYSE: CATO) has declared a quarterly dividend of $0.17 per share, payable on June 27, 2022, to shareholders on record as of June 13, 2022.

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Rhea-AI Summary

The Cato Corporation (NYSE: CATO) has declared a quarterly dividend of $0.17 per share, payable on June 27, 2022, to shareholders on record as of June 13, 2022. This dividend, annualized at $0.68, represents a yield of 5.4% based on the closing price on May 19, 2022. Cato is a prominent retailer offering fashionable apparel and accessories through its brands: Cato, Versona, and It's Fashion, providing exclusive merchandise at competitive prices.

Positive

Quarterly dividend of $0.17 per share supports shareholder income.
Annualized yield of 5.4% indicates strong return potential.

Negative

None.

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05/20/2022 - 07:00 AM EDT

CHARLOTTE, N.C., May 20, 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 June 27, 2022 to shareholders of record on June 13, 2022.

The $0.17 dividend, or $0.68 on an annualized basis, represents an annualized yield of 5.4% at the closing market price on May 19, 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.

View original content:https://www.prnewswire.com/news-releases/the-cato-corporation-announces-regular-quarterly-dividend-301551852.html

SOURCE The Cato Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount declared by The Cato Corporation?

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

When will the dividend be paid to shareholders?

The dividend will be payable on June 27, 2022.

What is the record date for the dividend payment?

The record date for the dividend payment is June 13, 2022.

What is the annualized yield of the declared dividend?

The annualized yield of the declared dividend is 5.4% based on the closing price on May 19, 2022.

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THE CATO CORPORATION ANNOUNCES REGULAR QUARTERLY DIVIDEND