The Cato Co. (NYSE:CATO) Declares $0.17 Quarterly Dividend

The Cato Co. (NYSE:CATO) declared a quarterly dividend on Friday, May 24th, Zacks reports. Shareholders 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 annualized dividend and a yield of 11.30%. The ex-dividend date of this dividend is Monday, June 10th.

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

Cato Stock Performance

Shares of NYSE CATO traded up $0.24 during trading hours on Friday, hitting $6.02. 196,143 shares of the stock were exchanged, compared to its average volume of 105,869. Cato has a 1-year low of $4.56 and a 1-year high of $8.78. The company has a market cap of $123.83 million, a PE ratio of -7.17 and a beta of 1.08. The company’s fifty day simple moving average is $5.25 and its two-hundred day simple moving average is $6.31.

Cato (NYSE:CATO) last announced its earnings results on Thursday, March 21st. The specialty retailer reported ($1.14) earnings per share 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%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CATO. StockNews.com raised shares of Cato from a “hold” rating to a “buy” rating in a research report on Friday. TheStreet cut shares of Cato from a “c-” rating to a “d+” rating in a research note on Monday, March 18th.

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.