Dillard’s, Inc. Plans Quarterly Dividend of $0.25 (NYSE:DDS)

Dillard’s, Inc. (NYSE:DDS) announced a quarterly dividend on Friday, November 22nd,Wall Street Journal reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.25 per share on Monday, February 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date is Tuesday, December 31st.

Dillard’s has raised its dividend payment 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 payout ratio of 3.6% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 2.8 %

Shares of DDS stock traded up $12.13 on Friday, hitting $446.15. 174,190 shares of the stock traded hands, compared to its average volume of 118,432. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 2.38. Dillard’s has a twelve month low of $328.00 and a twelve month high of $476.48. The firm’s 50-day moving average price is $383.18 and its two-hundred day moving average price is $397.83. The stock has a market capitalization of $7.22 billion, a PE ratio of 11.13 and a beta of 0.86.

Wall Street Analyst Weigh In

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