Cato suspends quarterly dividend

seekingalpha
22 Nov 2024
  • Cato Corporation (NYSE:CATO) has suspended its regular quarterly dividend, in light of the current economic conditions and current sales trends.
  • Shares fell 7% premarket on Friday in reaction.
  • The company incurred a loss of $0.79 per share in the third quarter on revenue of $146.17M that fell 7.6% Y/Y. It last paid dividend of $0.17/share in September.

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