Cato Corp., An Apparel Dividend Stock With Fashionable Option Yields
Double Dividend Stocks submits:
Cato Corp.(CATO) is a fashion specialty retailer which is listed in the Consumer Discretionary section of our High Dividend Stocks by Sector tables. They target value and fashion-oriented females, and operate over 1200 women’s fashion stores, primarily in the southeastern U.S. They just reported that same-store sales are up 5% year-to-date, and that June sales increased 1%. In their last fiscal quarter, ending 5/01/10, their revenue rose 8.9%, and their net income jumped 44%.
This is a conservatively managed firm, with zero debt, and it fares well in our Industry Comparison Table:
