Dillard’s, Inc. (DDS) to Distribute Quarterly Dividend of $0.30 on August 3rd

Dillard’s, Inc. (NYSE:DDS) declared a quarterly dividend on Thursday, May 28th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.30 per share on Monday, August 3rd. This represents a c) annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, June 30th.

Dillard’s has increased its dividend by an average of 1.2%per year over the last three years and has raised its dividend annually for the last 14 consecutive years. Dillard’s has a payout ratio of 5.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Dillard’s to earn $33.55 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 3.6%.

Dillard’s Stock Down 0.9%

Shares of NYSE DDS opened at $576.04 on Friday. Dillard’s has a 1 year low of $410.19 and a 1 year high of $741.97. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.37 and a quick ratio of 1.20. The company has a market cap of $9.00 billion, a P/E ratio of 13.70 and a beta of 1.16. The firm has a 50-day simple moving average of $577.00 and a two-hundred day simple moving average of $609.01.

Dillard’s (NYSE:DDS) last announced its quarterly earnings data on Thursday, May 14th. The company reported $16.04 EPS for the quarter, beating the consensus estimate of $10.13 by $5.91. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.55 billion. Dillard’s had a return on equity of 31.43% and a net margin of 10.09%.Dillard’s’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $10.39 EPS. Research analysts anticipate that Dillard’s will post 35.26 earnings per share for the current year.

Insider Transactions at Dillard’s

In other Dillard’s news, Director J C. Watts, Jr. sold 400 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $609.18, for a total transaction of $243,672.00. Following the transaction, the director owned 10,150 shares in the company, valued at approximately $6,183,177. This represents a 3.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 34.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DDS. Northwestern Mutual Wealth Management Co. boosted its holdings in Dillard’s by 28,394.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 226,529 shares of the company’s stock valued at $137,354,000 after purchasing an additional 225,734 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Dillard’s by 18.7% during the first quarter. Renaissance Technologies LLC now owns 142,180 shares of the company’s stock worth $81,343,000 after buying an additional 22,400 shares in the last quarter. AQR Capital Management LLC raised its holdings in Dillard’s by 12.4% in the 4th quarter. AQR Capital Management LLC now owns 116,577 shares of the company’s stock worth $70,686,000 after purchasing an additional 12,863 shares during the period. Gotham Asset Management LLC increased its position in shares of Dillard’s by 10.7% in the fourth quarter. Gotham Asset Management LLC now owns 73,642 shares of the company’s stock valued at $44,652,000 after buying an additional 7,123 shares in the last quarter. Finally, UBS Group AG lifted its holdings in Dillard’s by 27.7% during the fourth quarter. UBS Group AG now owns 67,895 shares of the company’s stock valued at $41,167,000 after purchasing an additional 14,718 shares in the last quarter. 67.15% of the stock is owned by institutional investors and hedge funds.

Dillard’s Company Profile

Dillard’s, Inc (NYSE:DDS), headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard’s equity is publicly traded on the New York Stock Exchange under the ticker DDS.

The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men’s and women’s apparel, accessories, cosmetics, footwear, and home furnishings.