The Cato Co. (NYSE:CATO – Get Free Report) announced a quarterly dividend on Friday, May 24th, Zacks reports. Investors of record on Monday, June 10th will be given a dividend of 0.17 per share by the specialty retailer on Monday, June 24th. This represents a $0.68 dividend on an annualized basis and a yield of 11.30%. The ex-dividend date is Monday, June 10th.
Cato has increased its dividend by an average of 27.3% annually over the last three years.
Cato Price Performance
Shares of NYSE:CATO traded up $0.24 during trading on Friday, reaching $6.02. 196,143 shares of the company were exchanged, compared to its average volume of 105,869. The business’s fifty day simple moving average is $5.25 and its 200-day simple moving average is $6.31. Cato has a 12-month low of $4.56 and a 12-month high of $8.78. The firm has a market capitalization of $123.83 million, a PE ratio of -7.17 and a beta of 1.08.
Analyst Ratings Changes
Several equities analysts have issued reports on the company. TheStreet lowered Cato from a “c-” rating to a “d+” rating in a report on Monday, March 18th. StockNews.com upgraded shares of Cato from a “hold” rating to a “buy” rating in a research report on Friday.
Read Our Latest Report on Cato
About Cato
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.
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