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

Dillard’s, Inc. (NYSE:DDS) declared a quarterly dividend on Monday, May 20th, Wall Street Journal reports. Stockholders of record on Friday, June 28th will be given a dividend of 0.25 per share on Monday, August 5th. This represents a $1.00 annualized dividend and a dividend yield of 0.23%. The ex-dividend date is Friday, June 28th.

Dillard’s has increased its dividend payment by an average of 14.5% per year over the last three years and has raised its dividend annually for the last 13 consecutive years. Dillard’s has a payout ratio of 3.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Dillard’s to earn $32.25 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 3.1%.

Dillard’s Price Performance

Shares of DDS opened at $429.62 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.40 and a quick ratio of 1.17. The company has a market cap of $6.97 billion, a P/E ratio of 9.76 and a beta of 0.91. Dillard’s has a 12 month low of $286.39 and a 12 month high of $476.48. The stock has a fifty day moving average price of $434.14 and a 200 day moving average price of $418.53.

Dillard’s (NYSE:DDS) last issued its quarterly earnings data on Saturday, May 18th. The company reported $11.09 earnings per share for the quarter, beating the consensus estimate of $9.69 by $1.40. Dillard’s had a net margin of 10.68% and a return on equity of 38.66%. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period last year, the firm posted $11.85 EPS. Dillard’s’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, research analysts forecast that Dillard’s will post 34.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group raised their price target on Dillard’s from $450.00 to $475.00 and gave the company a “market perform” rating in a report on Friday, May 17th.

Dillard’s Company Profile

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.