The Cato Co. (CATO) to Issue Quarterly Dividend of $0.17 on June 24th

The Cato Co. (NYSE:CATO) declared 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 raised its dividend by an average of 27.3% per year over the last three years.

Cato Stock Performance

NYSE:CATO opened at $6.02 on Friday. The stock’s 50 day moving average price is $5.25 and its 200 day moving average price is $6.31. Cato has a 52-week low of $4.56 and a 52-week high of $8.78.

Cato (NYSE:CATO) last released its quarterly earnings results on Thursday, March 21st. The specialty retailer reported ($1.14) earnings per share (EPS) for the quarter. The firm had revenue of $174.88 million for the quarter. Cato had a negative return on equity of 8.22% and a negative net margin of 2.51%.

Analysts Set New Price Targets

CATO has been the topic of several analyst reports. StockNews.com upgraded Cato from a “hold” rating to a “buy” rating in a research note on Friday. TheStreet downgraded Cato from a “c-” rating to a “d+” rating in a research note on Monday, March 18th.

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.