Cato Corporation (The) (NYSE:CATO) declared a quarterly dividend on Monday, November 20th, Wall Street Journal reports. Stockholders of record on Monday, December 11th will be paid a dividend of 0.33 per share by the specialty retailer on Tuesday, January 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.93%. The ex-dividend date of this dividend is Friday, December 8th.

Cato Corporation (The) has raised its dividend by an average of 103.3% per year over the last three years and has raised its dividend every year for the last 7 years. Cato Corporation (The) has a payout ratio of 78.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

Cato Corporation (NYSE:CATO) opened at $16.64 on Tuesday. The stock has a market capitalization of $415.91, a price-to-earnings ratio of 36.33 and a beta of 1.12. Cato Corporation has a 1-year low of $12.20 and a 1-year high of $32.99.

Cato Corporation (The) (NYSE:CATO) last announced its quarterly earnings results on Thursday, November 16th. The specialty retailer reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $190.30 million for the quarter, compared to the consensus estimate of $188.00 million. Cato Corporation (The) had a return on equity of 3.04% and a net margin of 1.31%. The company’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.30 earnings per share.

A number of brokerages have recently issued reports on CATO. BidaskClub downgraded Cato Corporation (The) from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. TheStreet downgraded Cato Corporation (The) from a “c” rating to a “d+” rating in a report on Thursday, August 17th.

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About Cato Corporation (The)

The Cato Corporation is a fashion specialty retailer. The Company’s merchandise lines include dressy, career, and casual sportswear, dresses, coats, shoes, lingerie, costume jewelry, handbags, men’s wear and lines for kids and newborns. The Company has two segments: the operation of a fashion specialty stores segment (Retail Segment) and a credit card segment (Credit Segment).

Dividend History for Cato Corporation (The) (NYSE:CATO)

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