The Cato Corporation (CATO) will raise its quarterly dividend by 10.0 percent to $0.33 per share. The next dividend will be paid on June 20, 2016, to shareholders of record on June 6, 2016. Catopreviously hiked its dividend in 2014.

The Cato Corporation is a fashion specialty retailer. The company's stores are principally located in the southeastern United States, under the names “Cato,” “Cato Fashions,” “Cato Plus,” “It’s Fashion,” “It’s Fashion Metro” and “Versona.” The Cato concept seeks to offer quality fashion apparel and accessories at low prices, every day in junior/missy and plus sizes. The Cato concept’s stores and e-commerce websites feature a broad assortment of apparel and accessories, including dressy, career, and casual sportswear, dresses, coats, shoes, lingerie, costume jewelry and handbags. A major portion of the Cato concept’s merchandise is sold under its private label and is produced by various vendors in accordance with the concept’s specifications. The company was founded in 1946 and has been paying a dividend for many decades.