Dillard’s, Inc. (NYSE:DDS) to Issue Dividend of $25.00

Dillard’s, Inc. (NYSE:DDS) declared a dividend on Thursday, November 21st,NASDAQ Dividends reports. Shareholders of record on Friday, December 13th will be given a dividend of 25.00 per share on Monday, January 6th. 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 increased its dividend annually for the last 13 consecutive years. Dillard’s has a dividend payout ratio of 3.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Dillard’s to earn $29.63 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 3.4%.

Dillard’s Stock Performance

NYSE DDS traded up $11.91 on Friday, hitting $445.93. The stock had a trading volume of 195,421 shares, compared to its average volume of 118,525. Dillard’s has a one year low of $328.00 and a one year high of $476.48. The company has a quick ratio of 1.02, a current ratio of 2.38 and a debt-to-equity ratio of 0.27. The stock has a market cap of $7.22 billion, a price-to-earnings ratio of 11.13 and a beta of 0.86. The company’s 50-day moving average is $383.18 and its two-hundred day moving average is $397.83.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. UBS Group upped their target price on shares of Dillard’s from $194.00 to $198.00 and gave the stock a “sell” rating in a research report on Friday, November 15th. Telsey Advisory Group increased their price objective on shares of Dillard’s from $380.00 to $450.00 and gave the company a “market perform” rating in a report on Friday, November 15th. Finally, StockNews.com upgraded shares of 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.