The Cato Co. (NYSE:CATO) to Issue Quarterly Dividend of $0.17

The Cato Co. (NYSE:CATO - Get Free Report) declared a quarterly dividend on Thursday, August 29th, Zacks reports. Investors of record on Monday, September 16th will be paid a dividend of 0.17 per share by the specialty retailer on Monday, September 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 13.96%. The ex-dividend date of this dividend is Monday, September 16th.

Cato has increased its dividend by an average of 27.3% per year over the last three years.

Cato Stock Up 0.4 %

Cato stock traded up $0.02 during mid-day trading on Friday, reaching $4.87. 126,183 shares of the company's stock were exchanged, compared to its average volume of 116,729. The company has a fifty day moving average of $5.15 and a 200-day moving average of $5.52. The company has a market cap of $100.10 million, a P/E ratio of -5.80 and a beta of 1.09. Cato has a twelve month low of $4.56 and a twelve month high of $8.58.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Cato from a "buy" rating to a "hold" rating in a report on Friday, August 23rd.

Cato Company Profile

The Cato Corporation, together with its subsidiaries, operates as a specialty retailer of fashion apparel and accessories primarily in the southeastern United States. It operates through two segments, Retail and Credit. The company's stores and e-commerce websites offer a range of apparel and accessories, including dressy, career, and casual sportswear; and dresses, coats, shoes, lingerie, costume jewelry, and handbags, as well as men's wear, and lines for kids and infants.