Retailer Cato declares quarterly dividend of $0.05 / share

The Board of Directors previously accelerated the full year 2013 dividend of $1.00 to December 28, 2012. 

The $0.05 dividend, or $0.20 on an annualized basis, when coupled with the $1.00 dividend accelerated into December 2012 for a total annualized rate of $1.20 per share, represents an annualized yield of 3.5% at the closing market price on November 26.

The Cato Corporation is a leading specialty retailer of value-priced fashion apparel.  The Company's Cato stores offer exclusive merchandise with fashion and quality comparable to mall specialty stores at low prices every day. 

Versona is a unique fashion destination offering accessories and apparel including jewelry, handbags and shoes at exceptional prices every day.  It's Fashion offers fashion with a focus on the latest trendy styles for the entire family at low prices every day.  As of November 2, 2013, the Company operated 1,318 stores in 32 states.

Cato Corporation