Cato Stock To Go Ex-dividend Tomorrow (CATO)

NEW YORK (TheStreet) -- The ex-dividend date for Cato Corporation (NYSE:CATO) is tomorrow, September 8, 2011. Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $24.42 as of 9:30 a.m. ET, the dividend yield is 3.9%.

The average volume for Cato has been 208,700 shares per day over the past 30 days. Cato has a market cap of $652.7 million and is part of the services sector and retail industry. Shares are down 12% year to date as of the close of trading on Tuesday.

The Cato Corporation operates as a specialty retailer of fashion apparel and accessories in the southeastern United States. The company has a P/E ratio of 10.7, below the average retail industry P/E ratio of 10.9 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Cato as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, revenue growth, attractive valuation levels, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Cato Ratings Report.

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