Cato Stock To Go Ex-dividend Tomorrow (CATO)

NEW YORK ( TheStreet) -- The ex-dividend date for Cato Corporation (NYSE: CATO) is tomorrow, June 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $28.17 as of 9:30 a.m. ET, the dividend yield is 3.4%.

The average volume for Cato has been 141,200 shares per day over the past 30 days. Cato has a market cap of $774.6 million and is part of the services sector and retail industry. Shares are up 16.7% 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 12.5, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cato as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, attractive valuation levels, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Cato Ratings Report.

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