NEW YORK (

TheStreet

) -- The ex-dividend date for

Cato Corporation

(NYSE:

CATO

) is tomorrow, March 1, 2012. Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $28.03 as of 9:30 a.m. ET, the dividend yield is 3.3%.

The average volume for Cato has been 161,300 shares per day over the past 30 days. Cato has a market cap of $718.3 million and is part of the

services

sector and

retail

industry. Shares are up 14.4% 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 12.6, above the average retail industry P/E ratio of 12.3 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, notable return on equity, reasonable valuation levels, solid stock price performance and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full

Cato Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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