Cato Corporation Declares A Regular Quarterly Dividend of $0.17 Per Share, Payable On September 25, 2023
Portfolio Pulse from Benzinga Newsdesk
Cato Corporation (NYSE:CATO) has declared a regular quarterly dividend of $0.17 per share, payable on September 25, 2023, to shareholders of record on September 11, 2023.
August 25, 2023 | 11:24 am
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Cato Corporation's declaration of a regular quarterly dividend may attract income-focused investors, potentially leading to a short-term increase in the stock price.
Dividend announcements often attract income-focused investors. This increased demand can lead to a short-term increase in the stock price. However, the long-term impact will depend on the company's overall financial health and its ability to maintain the dividend.
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