The Cato Corporation, together with its subsidiaries, operates as a specialty retailer of fashion apparel and accessories primarily in the southeastern United States. It operates through two segments, Retail and Credit. The company's stores and e-commerce websites offer a range of apparel and accessories, including dressy, career, and casual sportswear; and dresses, coats, shoes, lingerie, costume jewelry, and handbags, as well as men's wear, and lines for kids and infants. It operates its stores and e-commerce websites under the Cato, Cato Fashions, Cato Plus, It's Fashion, It's Fashion Metro, and Versona names. As of January 29, 2022, the company operated 1,311 stores in 32 states. It also provides credit card services to its customers, as well as layaway plans for customers who agree to make periodic payments. The company was incorporated in 1946 and is headquartered in Charlotte, North Carolina.
Cato Dividend Announcement
• Cato announced a quarterly dividend of $0.17 per ordinary share which will be made payable on 2024-09-30. Ex dividend date: 2024-09-16
• Cato annual dividend for 2024 was $0.51
• Cato annual dividend for 2023 was $0.68
• Cato's trailing twelve-month (TTM) dividend yield is 20.54%
• Cato's payout ratio for the trailing twelve months (TTM) is -53.64%
• Cato's dividend growth over the last five years (2018-2023) was -12.42% year
• Cato's dividend growth over the last ten years (2013-2023) was 13.02% year
Cato Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-16 | $0.17 | quarterly | 2024-09-30 |
2024-06-10 | $0.17 | quarterly | 2024-06-24 |
2024-03-25 | $0.17 | quarterly | 2024-04-01 |
2023-12-15 | $0.17 | quarterly | 2024-01-02 |
2023-09-08 | $0.17 | quarterly | 2023-09-25 |
2023-06-09 | $0.17 | quarterly | 2023-06-26 |
2023-03-20 | $0.17 | quarterly | 2023-04-03 |
2022-12-22 | $0.17 | quarterly | 2023-01-03 |
2022-09-09 | $0.17 | quarterly | 2022-09-26 |
2022-06-10 | $0.17 | quarterly | 2022-06-27 |
2022-03-21 | $0.17 | quarterly | 2022-04-04 |
2021-12-17 | $0.17 | quarterly | 2022-01-03 |
2021-09-10 | $0.17 | quarterly | 2021-09-27 |
2021-06-04 | $0.11 | quarterly | 2021-06-21 |
2020-03-06 | $0.33 | quarterly | 2020-03-24 |
2019-12-13 | $0.33 | quarterly | 2020-01-02 |
2019-09-13 | $0.33 | quarterly | 2019-09-30 |
2019-06-07 | $0.33 | quarterly | 2019-06-24 |
2019-03-08 | $0.33 | quarterly | 2019-03-26 |
2018-12-07 | $0.33 | quarterly | 2019-01-02 |
2018-09-14 | $0.33 | quarterly | 2018-10-01 |
2018-06-08 | $0.33 | quarterly | 2018-06-25 |
2018-03-09 | $0.33 | quarterly | 2018-03-28 |
2017-12-08 | $0.33 | quarterly | 2018-01-02 |
2017-09-08 | $0.33 | quarterly | 2017-09-25 |
2017-06-01 | $0.33 | quarterly | 2017-06-19 |
2017-03-02 | $0.33 | quarterly | 2017-03-22 |
2016-12-08 | $0.33 | quarterly | 2017-01-02 |
2016-09-08 | $0.33 | quarterly | 2016-09-26 |
2016-06-02 | $0.33 | quarterly | 2016-06-20 |
2016-03-03 | $0.30 | quarterly | 2016-03-23 |
2015-12-10 | $0.30 | quarterly | 2016-01-04 |
2015-09-10 | $0.30 | quarterly | 2015-09-28 |
2015-06-04 | $0.30 | quarterly | 2015-06-22 |
2015-03-05 | $0.30 | quarterly | 2015-03-25 |
2014-12-11 | $0.30 | quarterly | 2015-01-05 |
2014-09-11 | $0.30 | quarterly | 2014-09-29 |
2014-06-05 | $0.30 | quarterly | 2014-06-23 |
2014-03-06 | $0.30 | quarterly | 2014-03-24 |
2013-12-12 | $0.05 | quarterly | 2014-01-02 |
2013-09-12 | $0.05 | quarterly | 2013-09-30 |
2013-06-06 | $0.05 | quarterly | 2013-06-24 |
2013-03-07 | $0.05 | quarterly | 2013-03-25 |
Cato Dividend per year
Cato Dividend growth
Cato Dividend Yield
Cato current trailing twelve-month (TTM) dividend yield is 20.54%. Interested in purchasing Cato stock? Use our calculator to estimate your expected dividend yield:
Cato Financial Ratios
Cato Dividend FAQ
Other factors to consider when evaluating Cato as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Cato's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Cato publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Cato distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Cato are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Cato sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Cato distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Cato declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Cato's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Cato's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.