Dillard’s, Inc. (NYSE:DDS) Plans $0.20 Quarterly Dividend

Dillard’s, Inc. (NYSE:DDSGet Rating) announced a quarterly dividend on Tuesday, November 22nd, Wall Street Journal reports. Stockholders of record on Friday, December 30th will be paid a dividend of 0.20 per share on Monday, January 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date is Thursday, December 29th.

Dillard’s has increased its dividend payment by an average of 239.8% annually over the last three years and has increased its dividend annually for the last 10 consecutive years. Dillard’s has a dividend payout ratio of 3.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Dillard’s to earn $25.10 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 3.2%.

Dillard’s Stock Performance

Shares of NYSE:DDS opened at $373.67 on Thursday. Dillard’s has a 1 year low of $193.00 and a 1 year high of $399.73. The stock has a market capitalization of $6.40 billion, a price-to-earnings ratio of 7.39 and a beta of 0.82. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.85 and a quick ratio of 0.64. The company’s 50 day simple moving average is $310.77 and its 200 day simple moving average is $285.01.

Analyst Ratings Changes

Several equities analysts have recently issued reports on DDS shares. StockNews.com upgraded Dillard’s from a “hold” rating to a “buy” rating in a research note on Wednesday, November 9th. Telsey Advisory Group lifted their target price on Dillard’s from $350.00 to $380.00 and gave the company a “market perform” rating in a research report on Friday, November 11th. JPMorgan Chase & Co. raised shares of Dillard’s from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $210.00 to $298.00 in a report on Monday, August 15th. Finally, UBS Group lifted their price target on shares of Dillard’s to $150.00 in a report on Wednesday, November 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Dillard’s presently has a consensus rating of “Hold” and a consensus price target of $244.50.

Insiders Place Their Bets

In other news, VP Tony J. Bolte sold 2,300 shares of Dillard’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $367.40, for a total transaction of $845,020.00. Following the sale, the vice president now directly owns 2,268 shares of the company’s stock, valued at $833,263.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 29.80% of the company’s stock.

Hedge Funds Weigh In On Dillard’s

Several institutional investors and hedge funds have recently added to or reduced their stakes in DDS. Renaissance Technologies LLC grew its stake in shares of Dillard’s by 2,550.0% in the first quarter. Renaissance Technologies LLC now owns 53,000 shares of the company’s stock worth $14,225,000 after purchasing an additional 51,000 shares during the last quarter. Balyasny Asset Management LLC lifted its position in shares of Dillard’s by 258.7% during the 3rd quarter. Balyasny Asset Management LLC now owns 15,872 shares of the company’s stock valued at $4,329,000 after acquiring an additional 25,872 shares during the period. BlackRock Inc. boosted its position in shares of Dillard’s by 5.1% during the 1st quarter. BlackRock Inc. now owns 420,256 shares of the company’s stock worth $112,794,000 after purchasing an additional 20,327 shares in the last quarter. Two Sigma Investments LP acquired a new stake in shares of Dillard’s in the 3rd quarter valued at about $4,827,000. Finally, Cibc World Market Inc. bought a new stake in Dillard’s in the 1st quarter valued at about $2,987,000. 59.27% of the stock is currently owned by institutional investors and hedge funds.

Dillard’s Company Profile

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Dillard's, Inc operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. Its stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods. As of January 29, 2022, the company operated 280 Dillard's stores, including 30 clearance centers, and an Internet store at dillards.com.

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Dividend History for Dillard's (NYSE:DDS)

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