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

Dillard’s, Inc. (NYSE:DDS) announced a dividend on Wednesday, December 11th,investing.com reports. Shareholders of record on Monday, December 16th will be paid a dividend of 25.00 per share on Monday, January 6th. This represents a yield of 5.64%. The ex-dividend date is Friday, December 13th.

Dillard’s has increased its dividend by an average of 14.5% per year over the last three years and has increased 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. Equities 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 Price Performance

NYSE:DDS traded down $9.39 during trading hours on Wednesday, reaching $456.01. 189,202 shares of the company traded hands, compared to its average volume of 119,534. The firm’s 50-day moving average is $404.73 and its 200-day moving average is $398.42. The stock has a market cap of $7.38 billion, a P/E ratio of 11.74 and a beta of 0.89. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.38 and a quick ratio of 1.02. Dillard’s has a 1-year low of $328.00 and a 1-year high of $476.48.

Analyst Ratings Changes

Several research firms have recently issued reports on DDS. UBS Group raised their price objective on Dillard’s from $194.00 to $198.00 and gave the stock a “sell” rating in a report on Friday, November 15th. Telsey Advisory Group raised their price objective on Dillard’s from $380.00 to $450.00 and gave the stock a “market perform” rating in a report on Friday, November 15th. Finally, StockNews.com upgraded Dillard’s from a “hold” rating to a “buy” 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.