Dillard’s, Inc. (DDS) to Issue Quarterly Dividend of $0.30 on February 2nd

Dillard’s, Inc. (NYSE:DDS) announced a quarterly dividend on Thursday, November 20th. Shareholders of record on Wednesday, December 31st will be paid a dividend of 0.30 per share on Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Wednesday, December 31st.

Dillard’s has increased its dividend payment by an average of 1.2%per year over the last three years and has increased 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. 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 $1.20 annual dividend with an expected future payout ratio of 3.9%.

Dillard’s Price Performance

Shares of Dillard’s stock opened at $630.31 on Monday. The stock has a market cap of $9.86 billion, a price-to-earnings ratio of 17.11 and a beta of 1.25. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.00 and a current ratio of 2.19. The stock has a 50 day moving average price of $637.51 and a 200-day moving average price of $557.41. Dillard’s has a one year low of $282.24 and a one year high of $741.97.

Dillard’s (NYSE:DDS) last released its quarterly earnings results on Thursday, November 13th. The company reported $8.31 earnings per share for the quarter, beating the consensus estimate of $6.43 by $1.88. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.41 billion. Dillard’s had a return on equity of 30.50% and a net margin of 8.90%.Dillard’s’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.73 EPS. Equities analysts expect that Dillard’s will post 33.25 EPS for the current year.

Insider Transactions at Dillard’s

In related news, Director J C. Watts, Jr. sold 750 shares of the business’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $594.60, for a total value of $445,950.00. Following the completion of the transaction, the director owned 10,250 shares of the company’s stock, valued at $6,094,650. The trade was a 6.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 34.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DDS. Raymond James Financial Inc. grew its stake in Dillard’s by 617.5% in the first quarter. Raymond James Financial Inc. now owns 9,242 shares of the company’s stock valued at $3,310,000 after purchasing an additional 7,954 shares during the last quarter. Northern Trust Corp lifted its position in Dillard’s by 84.1% during the first quarter. Northern Trust Corp now owns 46,416 shares of the company’s stock valued at $16,623,000 after acquiring an additional 21,199 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Dillard’s by 52.0% in the first quarter. Hsbc Holdings PLC now owns 1,538 shares of the company’s stock valued at $551,000 after acquiring an additional 526 shares in the last quarter. Magnetar Financial LLC purchased a new position in Dillard’s in the first quarter worth $461,000. Finally, Vident Advisory LLC increased its position in shares of Dillard’s by 2.9% during the first quarter. Vident Advisory LLC now owns 4,225 shares of the company’s stock worth $1,513,000 after purchasing an additional 121 shares in the last quarter. 67.15% of the stock is currently owned by hedge funds and other institutional investors.

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.