Cato Corp. Announces Quarterly Dividend of $0.30 (CATO)
Cato Corp. (NASDAQ:CATO) announced a quarterly dividend on Friday, February 28th, StockRatingsNetwork reports. Investors of record on Monday, March 10th will be paid a dividend of 0.30 per share on Monday, March 24th. This represents a $1.20 annualized dividend and a dividend yield of 4.25%.
On a related note, analysts at TheStreet downgraded shares of Cato Corp. from a “buy” rating to a “hold” rating in a research note on Thursday.
Cato Corp. (NASDAQ:CATO) opened at 28.24 on Friday. Cato Corp. has a 52-week low of $22.16 and a 52-week high of $34.75. The stock has a 50-day moving average of $28.15 and a 200-day moving average of $29.25. The company has a market cap of $812.0 million and a price-to-earnings ratio of 14.13.
The Cato Corporation (NASDAQ:CATO) is a women’s fashion specialty retailer.
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