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

Dillard’s, Inc. (NYSE:DDS) announced 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 raised its dividend payment by an average of 1.2%per year over the last three years and has increased its dividend every year for the last 14 years. Dillard’s has a payout ratio of 5.3% 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 $1.20 annual dividend with an expected future payout ratio of 3.9%.

Dillard’s Stock Performance

Shares of DDS stock traded down $1.83 during mid-day trading on Friday, reaching $610.90. 30,424 shares of the company’s stock traded hands, compared to its average volume of 147,615. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.00 and a current ratio of 2.65. The firm has a market capitalization of $9.55 billion, a PE ratio of 16.83 and a beta of 1.27. Dillard’s has a 12 month low of $282.24 and a 12 month high of $741.97. The firm has a 50 day moving average price of $641.92 and a two-hundred day moving average price of $616.20.

Dillard’s (NYSE:DDS) last released its earnings results on Tuesday, February 24th. The company reported $13.05 earnings per share for the quarter, beating the consensus estimate of $9.98 by $3.07. Dillard’s had a return on equity of 27.55% and a net margin of 8.81%.The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the business earned $13.48 earnings per share. Dillard’s’s quarterly revenue was down 3.0% compared to the same quarter last year. On average, research analysts forecast that Dillard’s will post 33.25 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Zacks Research downgraded Dillard’s from a “strong-buy” rating to a “hold” rating in a research note on Monday. UBS Group raised their price objective on shares of Dillard’s from $184.00 to $460.00 and gave the company a “sell” rating in a research report on Friday, November 28th. Wall Street Zen raised shares of Dillard’s from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. JPMorgan Chase & Co. lowered their price objective on Dillard’s from $524.00 to $449.00 and set an “underweight” rating on the stock in a research report on Wednesday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Dillard’s in a research note on Wednesday, January 21st. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Dillard’s currently has an average rating of “Reduce” and a consensus target price of $519.67.

Dillard’s Company Profile

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.