Dillards Capital Trust I CAP SECS 7.5% (NYSE:DDT) Stock Short Interest Drops 70.8%

Dillards Capital Trust I CAP SECS 7.5% (NYSE:DDT) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 2,887 shares, a decrease of 70.8% from the August 31st total of 9,874 shares. Based on an average trading volume of 9,750 shares, the days-to-cover ratio is currently 0.3 days.

Dillards Capital Trust I CAP SECS 7.5% Stock Up 0.2%

Shares of DDT opened at $26.27 on Friday. Dillards Capital Trust I CAP SECS 7.5% has a twelve month low of $25.11 and a twelve month high of $26.80. The company has a 50 day moving average of $26.22 and a 200-day moving average of $26.17.

Dillards Capital Trust I CAP SECS 7.5% Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Friday, October 16th will be issued a dividend of $0.4688 per share. The ex-dividend date is Friday, October 16th. This represents a $1.88 annualized dividend and a yield of 7.1%.

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.