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

Dillard’s, Inc. (NYSE:DDS) announced a dividend on Saturday, December 7th,investing.com reports. Stockholders of record on Monday, December 16th will be paid a dividend of 25.00 per share on Monday, January 6th. This represents a dividend yield of 5.8%. The ex-dividend date of this dividend is Friday, December 13th.

Dillard’s has increased its dividend by an average of 14.5% annually over the last three years and has raised its dividend annually for the last 13 consecutive years. Dillard’s has a payout ratio of 3.6% indicating that 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 Trading Up 0.5 %

NYSE:DDS traded up $2.40 during mid-day trading on Friday, hitting $444.10. 100,623 shares of the stock traded hands, compared to its average volume of 137,621. The company has a quick ratio of 1.02, a current ratio of 2.38 and a debt-to-equity ratio of 0.27. The firm’s 50 day moving average is $400.13 and its two-hundred day moving average is $398.20. Dillard’s has a 52 week low of $328.00 and a 52 week high of $476.48. The stock has a market capitalization of $7.19 billion, a price-to-earnings ratio of 11.43 and a beta of 0.89.

Analyst Upgrades and Downgrades

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