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

Dillards Capital Trust I CAP SECS 7.5% (NYSE:DDT) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 1,230 shares, a decline of 57.4% from the September 15th total of 2,887 shares. Based on an average trading volume of 8,336 shares, the days-to-cover ratio is presently 0.1 days.

Dillards Capital Trust I CAP SECS 7.5% Price Performance

DDT traded up $0.03 during trading on Thursday, hitting $25.47. 39,853 shares of the company traded hands, compared to its average volume of 9,228. Dillards Capital Trust I CAP SECS 7.5% has a one year low of $25.11 and a one year high of $26.80. The stock’s fifty day moving average is $26.17 and its 200 day moving average is $26.18.

Dillards Capital Trust I CAP SECS 7.5% Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Friday, October 16th will be issued a dividend of $0.4688 per share. This represents a $1.88 annualized dividend and a yield of 7.4%. The ex-dividend date is Friday, October 16th.

About Dillards Capital Trust I CAP SECS 7.5%

Dillard’s Capital Trust I is a Delaware statutory trust established by Dillard’s, Inc to issue capital securities known as 7.5% Capital Securities. The securities trade on the New York Stock Exchange under the symbol DDT and represent an interest in the trust’s assets.

The trust’s primary asset consists of subordinated debentures issued by Dillard’s, Inc As a result, Dillard’s Capital Trust I does not operate retail stores or conduct independent commercial activities. Its purpose is generally limited to issuing the capital securities, holding the related debt securities, and making distributions to security holders when payments are received from Dillard’s, Inc

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