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

Dillard’s, Inc. (NYSE:DDS) announced a dividend on Thursday, December 12th,investing.com reports. Stockholders of record on Monday, December 16th will be given a dividend of 25.00 per share on Monday, January 6th. This represents a dividend yield of 5.68%. The ex-dividend date is Friday, December 13th.

Dillard’s has raised its dividend by an average of 14.5% per year over the last three years and has raised its dividend every year for the last 13 years. Dillard’s has a dividend payout ratio of 3.6% meaning its dividend is sufficiently covered by earnings. Research 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 traded down $3.17 during midday trading on Thursday, hitting $453.36. The company had a trading volume of 140,588 shares, compared to its average volume of 119,622. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.38 and a quick ratio of 1.02. The company has a market cap of $7.33 billion, a price-to-earnings ratio of 11.67 and a beta of 0.89. Dillard’s has a 12-month low of $328.00 and a 12-month high of $476.48. The company has a fifty day moving average of $406.54 and a two-hundred day moving average of $398.81.

Wall Street Analyst Weigh In

DDS has been the subject of several recent analyst reports. StockNews.com raised shares of Dillard’s from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Telsey Advisory Group upped their target price on shares of Dillard’s from $380.00 to $450.00 and gave the stock a “market perform” rating in a report on Friday, November 15th. Finally, UBS Group upped their target price on shares of Dillard’s from $194.00 to $198.00 and gave the stock a “sell” rating in a 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.