Cato Announces Dividend Increase Of 20%

                   Cato Announces Dividend Increase Of 20%

PR Newswire

CHARLOTTE, N.C., March 1, 2013

CHARLOTTE, N.C., March 1, 2013 /PRNewswire/ --The Cato Corporation (NYSE:
CATO) announced today that its Board of Directors declared a quarterly
dividend of $0.05 per share. The dividend will be payable on March 25, 2013
to shareholders of record of the Corporation at the close of business on March
11, 2013.

The Board of Directors previously accelerated the full year 2013 dividend of
$1.00 to December 28, 2012 and paid an additional $1.00 special dividend on
the same date. At the time of the acceleration, the Board noted their
intention to increase the dividend during 2013. The $0.05 dividend, or $0.20
on an annualized basis, when coupled with the $1.00 dividend accelerated into
December 2012, represents a 20% increase over the regular dividend paid last

The Cato Corporation is a leading specialty retailer of value-priced fashion
apparel and accessories operating three concepts, "Cato", "Versona" and "It's
Fashion". The Company's Cato stores offer exclusive merchandise with fashion
and quality comparable to mall specialty stores at low prices every day.
Versona is a unique fashion destination offering accessories and apparel
including jewelry, handbags and shoes at exceptional prices every day. It's
Fashion offers fashion with a focus on the latest trendy styles for the entire
family at low prices every day. As of February 2, 2013, the Company operated
1,310 stores in 31 states. Additional information on The Cato Corporation is
available at

SOURCE The Cato Corporation

Contact: John R. Howe, Executive Vice President, Chief Financial Officer,
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