Dillard’s, Inc. (NYSE:DDS) Announces $0.25 Quarterly Dividend

Dillard’s, Inc. (NYSE:DDS) announced a quarterly dividend on Friday, November 22nd,Wall Street Journal reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.25 per share on Monday, February 3rd. This represents a $1.00 annualized dividend and a dividend yield of 0.22%. 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 payout ratio of 3.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Dillard’s to earn $29.63 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 3.4%.

Dillard’s Trading Up 2.8 %

Shares of NYSE DDS opened at $446.15 on Friday. The company has a market cap of $7.22 billion, a price-to-earnings ratio of 11.48 and a beta of 0.86. Dillard’s has a 12-month low of $328.00 and a 12-month high of $476.48. The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27. The stock’s 50 day simple moving average is $385.11 and its 200 day simple moving average is $397.80.

Analyst Upgrades and Downgrades

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