Dillard’s, Inc. (NYSE:DDS) to Issue Quarterly Dividend of $0.25

Dillard’s, Inc. (NYSE:DDS) declared a quarterly dividend on Friday, November 22nd,Wall Street Journal reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.25 per share on Monday, February 3rd. This represents a $1.00 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend is Tuesday, December 31st.

Dillard’s has raised 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% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Up 2.7 %

DDS opened at $445.93 on Friday. The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27. Dillard’s has a 1-year low of $328.00 and a 1-year high of $476.48. The company has a market capitalization of $7.22 billion, a PE ratio of 11.48 and a beta of 0.86. The firm’s 50 day simple moving average is $385.11 and its two-hundred day simple moving average is $397.80.

Analyst Ratings Changes

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