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

Dillard’s, Inc. (NYSE:DDS) announced a dividend on Wednesday, December 11th,investing.com reports. Stockholders of record on Monday, December 16th will be given a dividend of 25.00 per share on Monday, January 6th. This represents a dividend yield of 5.64%. 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 Down 2.0 %

DDS traded down $9.39 during trading on Wednesday, reaching $456.01. 189,202 shares of the company’s stock were exchanged, compared to its average volume of 119,534. The company’s fifty day moving average price is $404.73 and its 200-day moving average price is $398.42. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 2.38. Dillard’s has a fifty-two week low of $328.00 and a fifty-two week high of $476.48. The firm has a market capitalization of $7.38 billion, a PE ratio of 11.74 and a beta of 0.89.

Wall Street Analyst Weigh In

Several analysts recently weighed in on DDS shares. Telsey Advisory Group lifted their price target on Dillard’s from $380.00 to $450.00 and gave the stock a “market perform” rating in a report on Friday, November 15th. StockNews.com raised Dillard’s from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Finally, UBS Group lifted their price target on Dillard’s from $194.00 to $198.00 and gave the stock a “sell” 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.