Dillard’s, Inc. (NYSE:DDS) Declares $25.00 Dividend

Dillard’s, Inc. (NYSE:DDS) announced a dividend on Wednesday, December 11th,investing.com reports. Shareholders of record on Monday, December 16th will be paid a dividend of 25.00 per share on Monday, January 6th. This represents a yield of 5.64%. The ex-dividend date of this dividend is Friday, December 13th.

Dillard’s has raised its dividend by an average of 14.5% per year over the last three years and has raised its dividend every year for the last 13 years. Dillard’s has a payout ratio of 3.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Dillard’s to earn $30.66 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 3.3%.

Dillard’s Price Performance

Shares of NYSE:DDS traded down $9.39 during trading on Wednesday, hitting $456.01. 189,202 shares of the stock were exchanged, compared to its average volume of 119,534. The company has a fifty day moving average price of $404.73 and a two-hundred day moving average price of $398.42. The company has a market cap of $7.38 billion, a PE ratio of 11.74 and a beta of 0.89. The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27. Dillard’s has a 12-month low of $328.00 and a 12-month high of $476.48.

Analysts Set New Price Targets

Several research firms have issued reports on DDS. Telsey Advisory Group lifted their price objective on Dillard’s from $380.00 to $450.00 and gave the stock a “market perform” rating in a report on Friday, November 15th. UBS Group lifted their price objective on Dillard’s from $194.00 to $198.00 and gave the stock a “sell” rating in a report on Friday, November 15th. Finally, StockNews.com upgraded Dillard’s from a “hold” rating to a “buy” rating in a report on Friday, November 15th.

About Dillard’s

Dillard's, Inc operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. The company's stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods.