Dillard’s, Inc. (NYSE:DDS) to Issue $25.00 Quarterly Dividend

Dillard’s, Inc. (NYSE:DDS) declared a quarterly dividend on Thursday, November 21st,investing.com reports. Investors of record on Tuesday, December 31st will be paid a dividend of 25.00 per share on Monday, February 3rd. This represents a $100.00 annualized dividend and a dividend yield of 21.96%. The ex-dividend date is Tuesday, December 31st.

Dillard’s has increased its dividend by an average of 14.5% annually 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 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 Price Performance

Shares of NYSE:DDS opened at $455.28 on Friday. The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27. The stock has a market cap of $7.24 billion, a PE ratio of 11.72 and a beta of 0.89. The stock’s fifty day simple moving average is $421.76 and its two-hundred day simple moving average is $398.92. Dillard’s has a 1-year low of $328.00 and a 1-year high of $476.48.

Wall Street Analyst Weigh In

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