Dillard's, Inc. (NYSE:DDS - Get Free Report) announced a quarterly dividend on Friday, November 22nd,Wall Street Journal reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date is Tuesday, December 31st.
Dillard's has increased its dividend by an average of 14.5% annually over the last three years and has increased 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 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 Price Performance
Shares of NYSE:DDS traded up $12.13 during midday trading on Friday, reaching $446.15. 174,190 shares of the company's stock traded hands, compared to its average volume of 118,432. The company has a fifty day simple moving average of $383.18 and a two-hundred day simple moving average of $397.83. Dillard's has a 1 year low of $328.00 and a 1 year high of $476.48. The company has a market cap of $7.22 billion, a P/E ratio of 11.13 and a beta of 0.86. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 2.38.
Analyst Ratings Changes
DDS has been the subject of a number of research reports. StockNews.com raised shares of Dillard's from a "hold" rating to a "buy" rating in a research note on Friday, November 15th. UBS Group increased their target price on Dillard's from $194.00 to $198.00 and gave the company a "sell" rating in a 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.
Check Out Our Latest Research Report on DDS
About Dillard's
(
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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.
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