The Cato Corporation announced that its Board of Directors declared a regular quarterly dividend of $0.15 per share.
The dividend will be payable on March 26, 2007 to shareholders of record of the Corporation at the close of business on March 12, 2007.
At the closing market price on March 1, 2007, the current dividend represents an annualized yield of 2.8%.
The Cato Corporation is a leading specialty retailer of value-priced women's fashion apparel operating two divisions, "Cato" and "It's Fashion!".
The Company offers exclusive merchandise with fashion and quality comparable to mall specialty stores at low prices, every day. As of February 3, 2007, the Company operated 1,276 stores in 31 states.
The Cato Corporation, USA
marketing@alchempro.com
