- Cato Corporation (NYSE:CATO) has suspended its regular quarterly dividend, in light of the current economic conditions and current sales trends.
- Shares fell 7% premarket on Friday in reaction.
- The company incurred a loss of $0.79 per share in the third quarter on revenue of $146.17M that fell 7.6% Y/Y. It last paid dividend of $0.17/share in September.