CHARLOTTE, N.C., Nov. 17, 2017 /PRNewswire/ -- The Board of
Directors of The Cato Corporation (NYSE: CATO) declared a regular
quarterly dividend of $0.33 per
share. The dividend will be payable on January 2, 2018 to shareholders of record on
December 11, 2017.
The $0.33 dividend, or
$1.32 on an annualized basis,
represents an annualized yield of 8.4% at the closing market price
on November 16, 2017.
The Cato Corporation is a leading specialty retailer of
value-priced fashion apparel and accessories operating three
concepts, "Cato", "Versona" and "It's Fashion". The Company's
Cato stores offer exclusive merchandise with fashion and quality
comparable to mall specialty stores at low prices every day.
The Company also offers exclusive merchandise found in its Cato
stores at www.catofashions.com. Versona is a unique fashion
destination offering apparel and accessories including jewelry,
handbags and shoes at exceptional prices every day. Select
Versona merchandise can also be found at www.shopversona.com.
It's Fashion offers fashion with a focus on the latest trendy
styles for the entire family at low prices every day.
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SOURCE The Cato Corporation