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

Dillards Capital Trust I CAP SECS 7.5% (NYSE:DDT) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 13,309 shares, an increase of 161.9% from the February 12th total of 5,081 shares. Based on an average daily volume of 15,924 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 15,924 shares, the short-interest ratio is currently 0.8 days.

Dillards Capital Trust I CAP SECS 7.5% Stock Performance

DDT stock traded down $0.09 during mid-day trading on Thursday, reaching $25.97. The company had a trading volume of 3,050 shares, compared to its average volume of 9,007. The stock’s 50-day simple moving average is $26.21 and its two-hundred day simple moving average is $26.10. Dillards Capital Trust I CAP SECS 7.5% has a one year low of $24.39 and a one year high of $26.64.

Dillards Capital Trust I CAP SECS 7.5% Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Thursday, April 16th will be given a dividend of $0.4688 per share. This represents a $1.88 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Thursday, April 16th.

About Dillards Capital Trust I CAP SECS 7.5%

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.