The Cato Corporation (CATO), a specialty retailer of fashion apparel, on Friday announced an increase in its regular quarterly dividend to $0.17 per share. The dividend, which is $0.68 on an annualized basis, is an increase of 55 percent above the current dividend of $0.44.

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The Cato Corporation (CATO), a specialty retailer of fashion apparel, on Friday announced an increase in its regular quarterly dividend to $0.17 per share. The dividend, which is $0.68 on an annualized basis, is an increase of 55 percent above the current dividend of $0.44.

RTTNews | Aug 27, 2021 07:54AM EDT

07:53 Friday, August 27, 2021 (RTTNews.com) - The Cato Corporation (CATO), a specialty retailer of fashion apparel, on Friday announced an increase in its regular quarterly dividend to $0.17 per share. The dividend, which is $0.68 on an annualized basis, is an increase of 55 percent above the current dividend of $0.44.

The dividend will be payable on September 27 to shareholders of record on September 13.

Share of CATO corporation closed Thursday's trading at $16.66, down $0.39 or 2.29 percent from the previous close.

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