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CATO News Highlights
- CATO's 30 day story count now stands at 5.
- Over the past 10 days, the trend for CATO's stories per day has been choppy and unclear. It has oscillated between 1 and 2.
Latest CATO News From Around the Web
Below are the latest news stories about Cato Corp that investors may wish to consider to help them evaluate CATO as an investment opportunity.
Cato's dividend boost is a sign of confidence in the retail industry, Real Money's Jonathan Heller says.
It looks like The Cato Corporation ( NYSE:CATO ) is about to go ex-dividend in the next 3 days. The ex-dividend date is...
Raising the quarterly payout and repurchasing shares in large quantities show management's confidence in the apparel merchant.
Cato Corp. said Friday it will raise its quarterly dividend by 55%, to 17 cents a share from 11 cents a share. The new dividend, for shareholders of record on Sept. 13, will be paid out on Sept. 27. The discount fashion apparel retailer's stock was still inactive in premarket trading. Based on Thursday's closing price of $16.66, the new annual dividend rate implies a dividend yield of 4.08%, compared with the yield for the SPDR S&P Retail ETF of 0.69% and the implied yield for the S&P 500 of 1.3
The Board of Directors of The Cato Corporation (NYSE: CATO) declared a regular quarterly dividend of $0.17 per share. The dividend will be payable on September 27, 2021 to shareholders of record on September 13, 2021.
The Cato Corporation (NYSE: CATO) today reported net income of $14.0 million or $0.62 per diluted share for the second quarter ended July 31, 2021, compared to a net loss of $7.2 million or ($0.30) per diluted share for the second quarter ended August 1, 2020.
Fashion retailer Cato Corp was out with second quarter results premarket this morning, and it looks like a good quarter. CATO reinstated a quarterly dividend of 11 cents in June, which is down from pre-COVID levels of 33 cents. Elsewhere, next Wednesday, August 25th , could be a big day for SPAC Mudrick Capital , as shareholders will vote on the merger with Topps.
The big shareholder groups in The Cato Corporation ( NYSE:CATO ) have power over the company. Generally speaking, as a...
This is a company that was considered all but dead like a lot of other retailers during the pandemic.
Here's Why Shareholders Should Examine The Cato Corporation's (NYSE:CATO) CEO Compensation Package More Closely
The Cato Corporation ( NYSE:CATO ) has not performed well recently and CEO John P. Cato will probably need to up their...