Dillard’s, Inc. (NYSE:DDS) announced a quarterly dividend on Thursday, August 22nd, Zacks reports. Investors of record on Monday, September 30th will be paid a dividend of 0.15 per share on Monday, November 4th. This represents a $0.60 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Friday, September 27th. This is an increase from Dillard’s’s previous quarterly dividend of $0.10.
Dillard’s has raised its dividend by an average of 17.0% annually over the last three years and has increased its dividend every year for the last 5 years. Dillard’s has a payout ratio of 9.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Dillard’s to earn $3.19 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 18.8%.
Shares of DDS stock traded up $1.38 during midday trading on Wednesday, hitting $59.58. 249,850 shares of the company were exchanged, compared to its average volume of 476,714. The firm has a market capitalization of $1.50 billion, a P/E ratio of 9.74 and a beta of 1.12. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.26 and a current ratio of 1.86. The firm’s 50 day moving average price is $60.27 and its two-hundred day moving average price is $65.07. Dillard’s has a 52 week low of $47.95 and a 52 week high of $86.71.
In other Dillard’s news, VP Tony J. Bolte sold 2,400 shares of the business’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $64.46, for a total value of $154,704.00. Following the completion of the sale, the vice president now owns 1,840 shares of the company’s stock, valued at approximately $118,606.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 20.10% of the company’s stock.
DDS has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their target price on shares of Dillard’s from $54.00 to $37.00 and set an “underweight” rating for the company in a report on Friday, August 16th. Deutsche Bank reduced their target price on shares of Dillard’s from $49.00 to $36.00 and set a “sell” rating for the company in a report on Monday, August 19th. Wedbush reaffirmed a “neutral” rating and set a $56.00 target price (down previously from $62.00) on shares of Dillard’s in a report on Wednesday, August 14th. Telsey Advisory Group reissued a “market perform” rating and issued a $58.00 price objective (down previously from $65.00) on shares of Dillard’s in a report on Friday, August 16th. Finally, ValuEngine raised shares of Dillard’s from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $54.33.
Dillard’s Company Profile
Dillard's, Inc operates retail department stores primarily in the Southeastern, Southwestern, and Midwestern areas of the United States. The company's stores offer a selection of merchandise, including fashion apparel for women, men, and children; accessories; cosmetics; home furnishings; and other consumer goods.
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