Dillard’s, Inc. (DDS) to Issue Dividend of $25.00 on January 6th

Dillard’s, Inc. (NYSE:DDS) announced a dividend on Thursday, December 12th,investing.com reports. Investors of record on Monday, December 16th will be paid a dividend of 25.00 per share on Monday, January 6th. This represents a yield of 5.68%. The ex-dividend date of this dividend is Friday, December 13th.

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 every year for the last 13 years. Dillard’s has a dividend payout ratio of 3.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Dillard’s to earn $30.66 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 3.3%.

Dillard’s Trading Down 1.0 %

NYSE DDS opened at $423.83 on Friday. Dillard’s has a 52 week low of $328.00 and a 52 week high of $476.48. The business has a 50 day moving average price of $406.54 and a 200-day moving average price of $398.81. The company has a quick ratio of 1.02, a current ratio of 2.38 and a debt-to-equity ratio of 0.27. The company has a market cap of $6.86 billion, a price-to-earnings ratio of 10.91 and a beta of 0.89.

Analyst Ratings Changes

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