Dillard’s, Inc. (DDS) Increases Dividend to $0.10 Per Share
Dillard’s, Inc. (NYSE:DDS) announced a quarterly dividend on Thursday, August 17th, RTT News reports. Shareholders of record on Friday, September 29th will be given a dividend of 0.10 per share on Monday, October 30th. This represents a $0.40 annualized dividend and a yield of 0.73%. This is an increase from Dillard’s’s previous quarterly dividend of $0.07.
Dillard’s has increased its dividend payment by an average of 20.5% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Dillard’s has a dividend payout ratio of 6.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Dillard’s to earn $3.92 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 7.1%.
Shares of Dillard’s (NYSE:DDS) opened at 54.83 on Friday. The firm’s 50-day moving average price is $64.41 and its 200 day moving average price is $55.96. The stock has a market capitalization of $1.60 billion, a P/E ratio of 13.58 and a beta of 1.12. Dillard’s has a 1-year low of $45.51 and a 1-year high of $83.44.
Dillard’s (NYSE:DDS) last released its quarterly earnings results on Thursday, August 10th. The company reported ($0.58) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.77. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.44 billion. Dillard’s had a net margin of 2.04% and a return on equity of 7.89%. The business’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period last year, the firm posted $0.35 EPS. Analysts expect that Dillard’s will post $3.85 EPS for the current fiscal year.
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In related news, major shareholder David Einhorn sold 35,125 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $51.50, for a total transaction of $1,808,937.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 23.27% of the company’s stock.
DDS has been the topic of a number of recent analyst reports. TheStreet raised Dillard’s from a “c” rating to a “b-” rating in a report on Tuesday, August 8th. BidaskClub raised Dillard’s from a “hold” rating to a “buy” rating in a report on Friday, June 30th. ValuEngine cut Dillard’s from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th. Zacks Investment Research raised Dillard’s from a “sell” rating to a “hold” rating in a report on Monday, May 15th. Finally, Deutsche Bank AG cut their price target on Dillard’s from $41.00 to $39.00 and set a “sell” rating on the stock in a report on Friday, May 12th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $56.00.
Dillard’s, Inc is a retailer of fashion apparel, cosmetics and home furnishing. As of January 28, 2017, the Company operated 293 Dillard’s stores, including 25 clearance centers, and an Internet store offering a selection of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods.
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