Dillard’s, Inc. (NYSE:DDS) Declares Quarterly Dividend of $0.30

Dillard’s, Inc. (NYSE:DDS) announced a quarterly dividend on Thursday, May 28th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.30 per share on Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, June 30th.

Dillard’s has increased its dividend payment by an average of 1.2%annually over the last three years and has raised its dividend annually for the last 14 consecutive years. Dillard’s has a dividend payout ratio of 5.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Dillard’s to earn $33.15 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 3.6%.

Dillard’s Trading Up 2.9%

Shares of Dillard’s stock opened at $606.78 on Friday. The firm has a 50-day moving average of $574.94 and a 200-day moving average of $617.24. The stock has a market cap of $9.48 billion, a PE ratio of 14.43 and a beta of 1.17. Dillard’s has a 52-week low of $386.85 and a 52-week high of $741.97. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.31 and a current ratio of 2.65.

Dillard’s (NYSE:DDS) last announced its earnings results on Thursday, May 14th. The company reported $16.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.13 by $5.91. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Dillard’s had a net margin of 10.09% and a return on equity of 31.89%. Dillard’s’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $10.39 earnings per share. As a group, sell-side analysts forecast that Dillard’s will post 33.2 EPS for the current year.

About Dillard’s

Dillard’s, Inc (NYSE:DDS), headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard’s equity is publicly traded on the New York Stock Exchange under the ticker DDS.

The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men’s and women’s apparel, accessories, cosmetics, footwear, and home furnishings.