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

Dillard’s, Inc. (NYSE:DDS) declared a quarterly dividend on Friday, November 22nd,Wall Street Journal reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.25 per share on Monday, February 3rd. This represents a $1.00 annualized dividend and a dividend yield of 0.22%. The ex-dividend date is Tuesday, December 31st.

Dillard’s has raised 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. Research analysts expect Dillard’s to earn $29.63 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 3.4%.

Dillard’s Trading Up 2.7 %

NYSE:DDS opened at $445.93 on Friday. Dillard’s has a one year low of $328.00 and a one year high of $476.48. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.38 and a quick ratio of 1.02. The company’s 50-day simple moving average is $385.11 and its 200 day simple moving average is $397.80. The firm has a market capitalization of $7.22 billion, a P/E ratio of 11.48 and a beta of 0.86.

Wall Street Analyst Weigh In

A number of research firms have recently commented 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 target on shares of Dillard’s from $380.00 to $450.00 and gave the company a “market perform” rating in a report on Friday, November 15th. Finally, UBS Group increased their price target on shares of Dillard’s from $194.00 to $198.00 and gave the company 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.