Dillards Capital Trust I CAP SECS 7.5% (NYSE:DDT) Sees Significant 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 April. As of April 30th, there was short interest totaling 4,377 shares, a drop of 52.0% from the April 15th total of 9,128 shares. Based on an average daily volume of 7,650 shares, the days-to-cover ratio is currently 0.6 days.

Dillards Capital Trust I CAP SECS 7.5% Stock Performance

DDT traded down $0.03 during trading hours on Friday, hitting $26.19. 5,874 shares of the stock were exchanged, compared to its average volume of 9,265. The stock has a 50-day simple moving average of $26.07 and a 200-day simple moving average of $26.11. Dillards Capital Trust I CAP SECS 7.5% has a 12 month low of $25.11 and a 12 month high of $26.64.

Dillards Capital Trust I CAP SECS 7.5% Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Thursday, April 16th were given a $0.4688 dividend. The ex-dividend date of this dividend was Thursday, April 16th. This represents a $1.88 annualized dividend and a 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.