Cato Keeps Dividend Steady
Fashion retailer Catoannounced yesterday its third-quarter dividend of $0.05 per share, the same rate it paid last quarter after accelerating the payment of 2013 dividend in 2012 and the payment of a special dividend of $1.00 per share in December 2012. It also increased the quarterly payout by 20%.
The board of directors said the quarterly dividend is payable on Sept. 30 to the holders of record at the close of business on Sept. 16. The regular dividend payment equates to a $0.20-per-share annual dividend, yielding 0.8% based on the closing price today of Cato's stock.
The article Cato Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool recommends Cato. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.