CHARLOTTE, N.C., Dec. 3, 2010 /PRNewswire-FirstCall/ -- The Cato Corporation (NYSE :CATO ) announced today that its Board of Directors declared a regular quarterly dividend of $0.185 per share. The dividend will be payable on January 3, 2011 to shareholders of record of the Corporation at the close of business on December 20, 2010. At the closing market price on December 2, 2010, the current dividend represents an annualized yield of 2.5%.
The Cato Corporation is a leading specialty retailer of value-priced fashion apparel and accessories operating two divisions, "Cato" and "It's Fashion". The Company's Cato division offers exclusive merchandise with fashion and quality comparable to mall specialty stores at low prices every day. The It's Fashion division offers fashion with a focus on the latest trendy styles and nationally recognized urban brands for the entire family at low prices every day. As of November 27, 2010, the Company operated 1,283 stores in 31 states. Additional information on The Cato Corporation is available at www.catocorp.com.
SOURCE The Cato Corporation