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

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% annually over the last three years and has raised 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. 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 Trading Up 0.3 %

Shares of NYSE:DDS traded up $1.38 during trading on Friday, hitting $455.28. 91,547 shares of the company’s stock were exchanged, compared to its average volume of 120,823. 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 firm has a market cap of $7.24 billion, a P/E ratio of 11.72 and a beta of 0.89. The firm has a 50-day moving average price of $421.76 and a two-hundred day moving average price of $398.92. Dillard’s has a 1-year low of $328.00 and a 1-year high of $476.48.

Analyst Upgrades and Downgrades

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

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.