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Cato Shares Head For Lowest Close Since 1997 After Halting Dividend

By MarketWatch   |   Nov 22, 2024 at 11:27 AM EST
Cato Shares Head For Lowest Close Since 1997 After Halting Dividend

Cato's shares plummeted as the company suspended its quarterly dividend due to economic challenges and declining sales. The stock fell 28% to $3.56, marking its largest drop since 1987.

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