Dillard’s, Inc. (NYSE:DDS) Plans $0.25 Quarterly Dividend

Dillard’s, Inc. (NYSE:DDS) declared a quarterly dividend on Tuesday, May 20th, Wall Street Journal reports. Stockholders of record on Monday, June 30th will be given a dividend of 0.25 per share on Monday, August 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date is Monday, June 30th.

Dillard’s has increased its dividend by an average of 12.6% annually over the last three years and has increased its dividend every year for the last 14 years. Dillard’s has a payout ratio of 4.4% meaning 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 Price Performance

NYSE:DDS traded up $12.97 during trading hours on Tuesday, hitting $419.13. 193,118 shares of the company’s stock traded hands, compared to its average volume of 149,306. The firm has a market cap of $6.67 billion, a P/E ratio of 10.79 and a beta of 0.96. Dillard’s has a 52 week low of $282.24 and a 52 week high of $510.00. The business’s fifty day simple moving average is $348.33 and its two-hundred day simple moving average is $409.38. The company has a quick ratio of 1.02, a current ratio of 2.38 and a debt-to-equity ratio of 0.27.

Dillard’s (NYSE:DDS) last issued its quarterly earnings results on Thursday, May 15th. The company reported $10.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.10 by $1.29. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. Dillard’s had a return on equity of 32.13% and a net margin of 9.55%. During the same quarter in the previous year, the company posted $11.10 earnings per share. On average, research analysts anticipate that Dillard’s will post 33.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on DDS shares. StockNews.com upgraded Dillard’s from a “hold” rating to a “buy” rating in a report on Tuesday, April 29th. UBS Group boosted their price target on Dillard’s from $150.00 to $170.00 and gave the company a “sell” rating in a report on Friday. Finally, Telsey Advisory Group restated a “market perform” rating and set a $450.00 price target on shares of Dillard’s in a report on Friday.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Dillard’s by 110.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 139 shares of the company’s stock worth $50,000 after buying an additional 73 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Dillard’s by 322.9% in the 1st quarter. Royal Bank of Canada now owns 3,510 shares of the company’s stock worth $1,257,000 after buying an additional 2,680 shares during the last quarter. Millennium Management LLC boosted its stake in Dillard’s by 18.3% in the 1st quarter. Millennium Management LLC now owns 44,703 shares of the company’s stock worth $16,009,000 after purchasing an additional 6,913 shares in the last quarter. Jane Street Group LLC bought a new position in Dillard’s in the 1st quarter worth about $3,746,000. Finally, Goldman Sachs Group Inc. boosted its stake in Dillard’s by 75.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 66,142 shares of the company’s stock worth $23,687,000 after purchasing an additional 28,468 shares in the last quarter. Hedge funds and other institutional investors own 67.15% of the company’s stock.

Dillard’s Company Profile

Dillard’s, Inc engages in the retail of fashion apparel, cosmetics, and home furnishings, and other consumer goods. It operates through the Retail Operations and Construction segments. The Retail Operations segment comprises sells cosmetics, ladies’ apparel, ladies’ accessories and lingerie, juniors’ and children’s apparel, men’s apparel and accessories, shoes, and home and furniture products.