Dillard’s, Inc. (DDS) to Issue Quarterly Dividend of $25.00 on February 3rd

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% per year over the last three years and has raised 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. Equities 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 Price Performance

Shares of NYSE:DDS opened at $455.28 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 2.38. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of 11.72 and a beta of 0.89. The business has a 50-day simple moving average of $421.76 and a two-hundred day simple moving average of $398.92. Dillard’s has a fifty-two week low of $328.00 and a fifty-two week high of $476.48.

Wall Street Analysts Forecast Growth

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

Dillard’s Company Profile

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.