NEW YORK (TheStreet) -- The ex-dividend date for
Cato Corp (NYSE:CATO) is tomorrow, June 9, 2011. Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $26.08 as of 11:41 a.m. ET, the dividend yield is 3.6%.
The average volume for Cato has been 174,500 shares per day over the past 30 days. Cato has a market cap of $716.1 million and is part of the services sector and retail industry. Shares are down 4.1% year to date as of the close of trading on Tuesday.
The Cato Corporation operates as a fashion specialty retailer for fashion and value conscious females principally in the southeastern United States. The company has a P/E ratio of 12, below the average retail industry P/E ratio of 12.5 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and impressive record of earnings per share growth. 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.
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