Dillards Capital Trust I CAP SECS 7.5% (NYSE:DDT) Sees Significant Growth in Short Interest

Dillards Capital Trust I CAP SECS 7.5% (NYSE:DDT) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 9,874 shares, an increase of 72.9% from the August 15th total of 5,712 shares. Based on an average daily volume of 10,087 shares, the days-to-cover ratio is presently 1.0 days.

Dillards Capital Trust I CAP SECS 7.5% Trading Up 0.2%

Shares of NYSE DDT traded up $0.06 during mid-day trading on Thursday, reaching $26.16. The company had a trading volume of 5,204 shares, compared to its average volume of 8,812. The business’s 50-day moving average is $26.26 and its 200-day moving average is $26.16. Dillards Capital Trust I CAP SECS 7.5% has a 52 week low of $25.11 and a 52 week high of $26.80.

Dillards Capital Trust I CAP SECS 7.5% Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Friday, October 16th will be given a $0.4688 dividend. This represents a $1.88 annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Friday, October 16th.

Dillards Capital Trust I CAP SECS 7.5% Company Profile

Dillards Capital Trust I (NYSE: DDT) is a Delaware statutory trust formed by Dillard’s, Inc in 2003 to raise capital through the issuance of 7.50% fixed‐rate capital securities. The trust’s sole purpose is to acquire junior subordinated debentures issued by Dillard’s, Inc, using the net proceeds from its securities offering. Holders of DDT securities own undivided beneficial interests in the trust’s assets and receive quarterly distributions, subject to the trust’s payment conditions.

The trust’s underlying sponsor, Dillard’s, Inc, is a U.S.