Dillards Capital Trust I CAP SECS 7.5% (NYSE:DDT) Sees Large Drop in Short Interest

Dillards Capital Trust I CAP SECS 7.5% (NYSE:DDT) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 5,272 shares, a drop of 31.7% from the June 30th total of 7,716 shares. Based on an average trading volume of 5,371 shares, the days-to-cover ratio is presently 1.0 days.

Dillards Capital Trust I CAP SECS 7.5% Trading Down 0.1%

Shares of DDT opened at $26.19 on Friday. The stock has a fifty day moving average of $26.21 and a two-hundred day moving average of $26.16. Dillards Capital Trust I CAP SECS 7.5% has a fifty-two week low of $25.11 and a fifty-two week high of $26.80.

Dillards Capital Trust I CAP SECS 7.5% Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 17th will be given a $0.4688 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 7.2%.

Dillards Capital Trust I CAP SECS 7.5% Company Profile

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.