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 January 2, 2007 to shareholders of record of the Corporation at the close of business on December 18, 2006. At the closing market price on November 30, 2006, the current dividend represents an annualized yield of 2.5%.
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.
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