8100 Denmark Road
(704) 554-8510
EXHIBIT 99.1
The CATO Corporation
NEWS RELEASE
FOR IMMEDIATE RELEASE
For Further Information Contact:
InvestorRelations@catocorp.com
THE CATO CORPORATION
ANNOUNCES A 55% INCREASE IN QUARTERLY DIVIDEND
CHARLOTTE, N.C. (August 27,
2021)
–– The Board of Directors of The Cato Corporation (NYSE:
CATO)
declared a regular quarterly dividend of $0.17 per share.
The dividend will be payable on
September 27, 2021 to shareholders of record on September 13, 2021.
The $0.17 dividend, or $0.68 on an annualized basis, is an increase of 55% above the current
dividend of $0.44, and represents an annualized yield of 4.1% at the closing market price on August
26, 2021.
The Cato Corporation is a leading specialty retailer of value-priced fashion apparel and accessories
operating three concepts, “Cato,” “Versona” and “It’s
Fashion.”
The Company’s Cato stores offer
exclusive merchandise with fashion and quality comparable to mall specialty stores at low prices
every day.
The Company also offers exclusive merchandise found in its Cato stores at
www.catofashions.com.
Versona is a unique fashion destination offering apparel
and accessories
including jewelry, handbags and
shoes at exceptional prices every day.
Select Versona merchandise
can also be found at www.shopversona.com.
It’s Fashion offers fashion with a focus on the latest
trendy styles for the entire family at low prices every day.
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