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Article Excerpt
Splits Stock 3 for 2 and Increases Dividend 11%
CHARLOTTE, N.C., May 27 /PRNewswire-FirstCall/ -- The Cato Corporation held its Annual Shareholders Meeting on Thursday, May 26, 2005 at its corporate offices in Charlotte, NC.
In his address to shareholders, John Cato, Chairman, President, and Chief Executive Officer highlighted key 2004 accomplishments, including a 12% increase in net income, a 26% increase in earnings per share, and the opening of 80 new stores.
Mr. Cato noted a number of successful initiatives begun in 2004 including improving the structure of the merchandising organization, reorganizing the product development and sourcing functions, enhancing...
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