December 7, 2009 (FinancialWire) — The Cato Corp.’s (NYSE: CATO) board has declared a regular quarterly dividend of $0.165 per share. The dividend will be payable on January 4, 2010 to shareholders of record of the company at the close of business on December 21, 2009. At the closing market price on December 3, 2009, the current dividend represents an annualized yield of 3.5%.

Charlotte-based Cato is a specialty retailer of women’s fashion apparel and accessories operating two divisions, “Cato” and “It’s Fashion.”

As of November 28, 2009, the company operated 1,293 stores in 31 states.

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