Dillards Capital Trust I CAP SECS 7.5% (NYSE:DDT) Short Interest Up 72.9% in August

Dillards Capital Trust I CAP SECS 7.5% (NYSE:DDT) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 9,874 shares, a growth of 72.9% from the August 15th total of 5,712 shares. Based on an average daily trading volume, of 10,087 shares, the days-to-cover ratio is presently 1.0 days.

Dillards Capital Trust I CAP SECS 7.5% Stock Down 0.0%

DDT stock opened at $26.10 on Friday. The firm’s fifty day simple moving average is $26.26 and its 200-day simple moving average is $26.16. Dillards Capital Trust I CAP SECS 7.5% has a 12 month low of $25.11 and a 12 month high of $26.80.

Dillards Capital Trust I CAP SECS 7.5% Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Friday, October 16th will be issued a $0.4688 dividend. This represents a $1.88 annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Friday, October 16th.

Dillards Capital Trust I CAP SECS 7.5% Company Profile

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.