Dillard’s, Inc. (NYSE:DDS) Plans $0.30 Quarterly Dividend

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) dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Tuesday, June 30th.

Dillard’s has raised its dividend by an average of 1.2%annually 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. Equities analysts expect Dillard’s to earn $33.15 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 Price Performance

Shares of DDS opened at $606.78 on Friday. The company has a market cap of $9.48 billion, a price-to-earnings ratio of 14.43 and a beta of 1.17. Dillard’s has a 1-year low of $386.85 and a 1-year high of $741.97. The company’s fifty day simple moving average is $574.94 and its 200 day simple moving average is $617.24. The company has a current ratio of 2.65, a quick ratio of 1.31 and a debt-to-equity ratio of 0.24.

Dillard’s (NYSE:DDS) last issued its earnings results on Thursday, May 14th. The company reported $16.04 earnings per share for the quarter, topping analysts’ consensus estimates of $10.13 by $5.91. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.55 billion. Dillard’s had a net margin of 10.09% and a return on equity of 31.89%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $10.39 earnings per share. On average, research analysts forecast that Dillard’s will post 33.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on DDS shares. JPMorgan Chase & Co. lowered their target price on shares of Dillard’s from $524.00 to $449.00 and set an “underweight” rating on the stock in a report on Wednesday, February 25th. Wall Street Zen cut shares of Dillard’s from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. UBS Group lifted their price objective on shares of Dillard’s from $460.00 to $465.00 and gave the stock a “sell” rating in a research report on Wednesday, May 6th. Zacks Research cut shares of Dillard’s from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. Finally, Telsey Advisory Group reduced their price objective on shares of Dillard’s from $700.00 to $650.00 and set a “market perform” rating for the company in a research report on Wednesday, February 25th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Dillard’s currently has a consensus rating of “Reduce” and a consensus price target of $521.33.

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.