THE CATO CORPORATION ANNOUNCES REGULAR QUARTERLY DIVIDEND
The Cato Corporation (NYSE: CATO) has declared a regular quarterly dividend of $0.17 per share, payable on January 3, 2023, to shareholders on record by December 23, 2022.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
The Cato Corporation (NYSE: CATO) has declared a regular quarterly dividend of $0.17 per share, payable on January 3, 2023, to shareholders on record by December 23, 2022. This dividend yields an annualized rate of 6.7% based on the closing price of $0.68 on November 17, 2022. As a prominent specialty retailer, Cato operates under three concepts—Cato, Versona, and It's Fashion—offering value-priced apparel and accessories that deliver fashion quality comparable to mall stores.
Positive
- Regular quarterly dividend of $0.17 indicates company confidence.
- Annualized yield of 6.7% is attractive to investors.
Negative
- None.
Details
News Market Reaction – CATO
The recorded move for CATO in the trading session of this news was +0.59%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
CHARLOTTE, N.C., Nov. 18, 2022 /PRNewswire/ -- The Board of Directors of The Cato Corporation (NYSE: CATO) declared a regular quarterly dividend of
The
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-301682472.html
SOURCE The Cato Corporation
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