Dillard’s, Inc. (NYSE:DDS) Announces Quarterly Dividend of $25.00

Dillard’s, Inc. (NYSE:DDS) declared a quarterly dividend on Thursday, November 21st,investing.com reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 25.00 per share on Monday, February 3rd. This represents a $100.00 dividend on an annualized basis and a dividend yield of 21.96%. The ex-dividend date of this dividend is Tuesday, December 31st.

Dillard’s has increased its dividend payment by an average of 14.5% annually over the last three years and has increased its dividend annually for the last 13 consecutive years. Dillard’s has a dividend payout ratio of 3.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Dillard’s to earn $30.66 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 3.3%.

Dillard’s Stock Performance

Shares of NYSE:DDS opened at $455.28 on Friday. The firm has a market cap of $7.24 billion, a PE ratio of 11.72 and a beta of 0.89. The firm’s 50 day simple moving average is $421.76 and its 200-day simple moving average is $398.92. Dillard’s has a one year low of $328.00 and a one year high of $476.48. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 2.38.

Analyst Ratings Changes

A number of brokerages have recently commented on DDS. UBS Group raised their target price on shares of Dillard’s from $194.00 to $198.00 and gave the stock a “sell” rating in a research report on Friday, November 15th. Telsey Advisory Group raised their target price on shares of Dillard’s from $380.00 to $450.00 and gave the stock a “market perform” rating in a research report on Friday, November 15th. Finally, StockNews.com raised shares of Dillard’s from a “hold” rating to a “buy” rating in a research report on Friday, November 15th.

About Dillard’s

Dillard's, Inc operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. The company's stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods.