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

Dillard’s, Inc. (NYSE:DDS) declared a quarterly dividend on Thursday, February 26th. Investors of record on Tuesday, March 31st will be paid a dividend of 0.30 per share on Monday, May 4th. This represents a c) annualized dividend and a yield of 0.2%. The ex-dividend date is Tuesday, March 31st.

Dillard’s has increased its dividend 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 payout ratio of 5.3% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Down 0.3%

NYSE:DDS traded down $1.83 during trading hours on Friday, reaching $610.90. The company had a trading volume of 30,424 shares, compared to its average volume of 147,615. Dillard’s has a twelve month low of $282.24 and a twelve month high of $741.97. The company has a quick ratio of 1.00, a current ratio of 2.65 and a debt-to-equity ratio of 0.24. The firm has a market cap of $9.55 billion, a price-to-earnings ratio of 16.83 and a beta of 1.27. The business’s 50-day simple moving average is $641.92 and its two-hundred day simple moving average is $616.20.

Dillard’s (NYSE:DDS) last released its quarterly earnings data on Tuesday, February 24th. The company reported $13.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.98 by $3.07. Dillard’s had a net margin of 8.81% and a return on equity of 27.55%. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the prior year, the firm earned $13.48 EPS. The business’s revenue was down 3.0% on a year-over-year basis. On average, equities analysts expect that Dillard’s will post 33.25 earnings per share for the current year.

Hedge Funds Weigh In On Dillard’s

Hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Dillard’s by 31.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 17,280 shares of the company’s stock valued at $10,867,000 after buying an additional 4,142 shares during the last quarter. Fox Run Management L.L.C. raised its position in Dillard’s by 37.2% in the 2nd quarter. Fox Run Management L.L.C. now owns 2,164 shares of the company’s stock worth $904,000 after buying an additional 587 shares during the last quarter. Wedge Capital Management L L P NC lifted its stake in Dillard’s by 756.9% during the 3rd quarter. Wedge Capital Management L L P NC now owns 70,880 shares of the company’s stock valued at $43,554,000 after acquiring an additional 62,608 shares during the period. SG Americas Securities LLC bought a new stake in shares of Dillard’s in the third quarter worth approximately $1,565,000. Finally, Abacus FCF Advisors LLC bought a new position in Dillard’s during the third quarter valued at approximately $5,254,000. Hedge funds and other institutional investors own 67.15% of the company’s stock.

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.