Short Interest in Dillards Capital Trust I CAP SECS 7.5% (NYSE:DDT) Grows By 299.0%

Dillards Capital Trust I CAP SECS 7.5% (NYSE:DDT) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 7,716 shares, a growth of 299.0% from the June 15th total of 1,934 shares. Based on an average trading volume of 13,648 shares, the days-to-cover ratio is currently 0.6 days.

Dillards Capital Trust I CAP SECS 7.5% Price Performance

Shares of NYSE:DDT traded up $0.03 during trading on Monday, hitting $26.55. 2,405 shares of the stock were exchanged, compared to its average volume of 8,831. Dillards Capital Trust I CAP SECS 7.5% has a 1-year low of $25.11 and a 1-year high of $26.64. The company’s fifty day simple moving average is $26.17 and its 200-day simple moving average is $26.16.

Dillards Capital Trust I CAP SECS 7.5% Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 17th will be given a $0.4688 dividend. This represents a $1.88 annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend is Friday, July 17th.

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.