Dillard’s, Inc. (DDS) To Go Ex-Dividend on December 31st

Dillard’s, Inc. (NYSE:DDS) declared a quarterly dividend on Thursday, November 20th. Stockholders of record on Wednesday, December 31st will be paid a dividend of 0.30 per share on Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, December 31st.

Dillard’s has raised its dividend by an average of 1.2%annually over the last three years and has increased its dividend every year for the last 14 years. Dillard’s has a dividend payout ratio of 5.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Dillard’s to earn $30.66 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 3.9%.

Dillard’s Stock Performance

Dillard’s stock opened at $609.61 on Friday. The company has a current ratio of 2.68, a quick ratio of 1.41 and a debt-to-equity ratio of 0.22. The firm has a market cap of $9.53 billion, a P/E ratio of 16.81 and a beta of 1.15. Dillard’s has a 1-year low of $282.24 and a 1-year high of $737.73. The firm has a 50-day moving average of $606.85 and a 200-day moving average of $508.17.

Dillard’s (NYSE:DDS) last released its quarterly earnings results on Thursday, November 13th. The company reported $8.31 EPS for the quarter, beating analysts’ consensus estimates of $6.43 by $1.88. Dillard’s had a return on equity of 30.55% and a net margin of 8.87%.The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the prior year, the company posted $7.73 EPS. Dillard’s’s quarterly revenue was up 2.9% compared to the same quarter last year. Sell-side analysts expect that Dillard’s will post 33.25 EPS for the current year.

Analyst Upgrades and Downgrades

DDS has been the topic of several recent analyst reports. Zacks Research cut shares of Dillard’s from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dillard’s in a research report on Wednesday, October 8th. UBS Group increased their price target on shares of Dillard’s from $175.00 to $184.00 and gave the stock a “sell” rating in a research note on Wednesday, November 5th. JPMorgan Chase & Co. lifted their price objective on Dillard’s from $368.00 to $458.00 and gave the company an “underweight” rating in a research report on Monday, July 28th. Finally, Telsey Advisory Group upped their target price on Dillard’s from $450.00 to $550.00 and gave the stock a “market perform” rating in a report on Friday, August 15th. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $397.33.

About Dillard’s

Dillard’s, Inc engages in the retail of fashion apparel, cosmetics, and home furnishings, and other consumer goods. It operates through the Retail Operations and Construction segments. The Retail Operations segment comprises sells cosmetics, ladies’ apparel, ladies’ accessories and lingerie, juniors’ and children’s apparel, men’s apparel and accessories, shoes, and home and furniture products.