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

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

Dillard’s has raised its dividend payment 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 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

Dillard’s stock opened at $455.28 on Friday. Dillard’s has a fifty-two week low of $328.00 and a fifty-two week high of $476.48. The firm’s fifty day moving average price is $421.76 and its 200-day moving average price is $398.92. The stock has a market cap of $7.24 billion, a P/E ratio of 11.72 and a beta of 0.89. 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 Upgrades and Downgrades

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

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.