Dillard’s, Inc. (NYSE:DDS) Plans $25.00 Dividend

Dillard’s, Inc. (NYSE:DDS) declared a dividend on Wednesday, December 11th,investing.com reports. Stockholders of record on Monday, December 16th will be given a dividend of 25.00 per share on Monday, January 6th. This represents a dividend yield of 5.64%. The ex-dividend date of this dividend is Friday, December 13th.

Dillard’s has increased its dividend 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 dividend payout ratio of 3.6% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Down 2.0 %

Shares of NYSE:DDS traded down $9.39 during trading on Wednesday, hitting $456.01. 189,202 shares of the company’s stock traded hands, compared to its average volume of 119,534. Dillard’s has a 52 week low of $328.00 and a 52 week high of $476.48. 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 company has a market cap of $7.38 billion, a price-to-earnings ratio of 11.74 and a beta of 0.89. The company has a 50-day moving average price of $404.73 and a 200-day moving average price of $398.42.

Analysts Set New Price Targets

DDS has been the topic of a number of recent research reports. Telsey Advisory Group lifted their target price on Dillard’s from $380.00 to $450.00 and gave the company a “market perform” rating in a research report on Friday, November 15th. StockNews.com raised Dillard’s from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Finally, UBS Group lifted their target price on Dillard’s from $194.00 to $198.00 and gave the company a “sell” rating in a research 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.