Dillards Capital Trust I CAP SECS 7.5% (NYSE:DDT) Short Interest Down 69.9% in March

Dillards Capital Trust I CAP SECS 7.5% (NYSE:DDT) was the target of a large drop in short interest in March. As of March 13th, there was short interest totaling 4,004 shares, a drop of 69.9% from the February 26th total of 13,309 shares. Based on an average daily trading volume, of 5,837 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily trading volume, of 5,837 shares, the days-to-cover ratio is currently 0.7 days.

Dillards Capital Trust I CAP SECS 7.5% Price Performance

Shares of NYSE:DDT traded up $0.07 during midday trading on Wednesday, reaching $26.00. 4,159 shares of the company were exchanged, compared to its average volume of 9,078. The business’s fifty day moving average is $26.14 and its two-hundred day moving average is $26.10. Dillards Capital Trust I CAP SECS 7.5% has a one year low of $24.39 and a one year high of $26.64.

Dillards Capital Trust I CAP SECS 7.5% Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Thursday, April 16th will be issued a dividend of $0.4688 per share. This represents a $1.88 annualized dividend and a yield of 7.2%. The ex-dividend date is Thursday, April 16th.

About Dillards Capital Trust I CAP SECS 7.5%

Dillards Capital Trust I (NYSE: DDT) is a Delaware statutory trust formed by Dillard’s, Inc in 2003 to raise capital through the issuance of 7.50% fixed‐rate capital securities. The trust’s sole purpose is to acquire junior subordinated debentures issued by Dillard’s, Inc, using the net proceeds from its securities offering. Holders of DDT securities own undivided beneficial interests in the trust’s assets and receive quarterly distributions, subject to the trust’s payment conditions.

The trust’s underlying sponsor, Dillard’s, Inc, is a U.S.