The Cato Corporation Announces Resumption Of Quarterly Dividend
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.
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) 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.
Details
News Market Reaction – CATO
The recorded move for CATO in the trading session of this news was +10.90%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
CHARLOTTE, N.C., May 20, 2021 /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.
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SOURCE The Cato Corporation
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