The Cato Co. (NYSE:CATO – Get Free Report) 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.
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.
Get Our Latest Stock Report on CATO
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.
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