Dillards Capital Trust I CAP SECS 7.5% (NYSE:DDT) Sees Large Drop in Short Interest

Dillards Capital Trust I CAP SECS 7.5% (NYSE:DDT) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 2,042 shares, a decrease of 52.5% from the May 14th total of 4,298 shares. Based on an average trading volume of 5,473 shares, the days-to-cover ratio is presently 0.4 days.

Dillards Capital Trust I CAP SECS 7.5% Trading Up 0.0%

Dillards Capital Trust I CAP SECS 7.5% stock traded up $0.01 during midday trading on Friday, hitting $26.15. The stock had a trading volume of 934 shares, compared to its average volume of 8,699. The firm’s fifty day moving average is $26.15 and its two-hundred day moving average is $26.14. Dillards Capital Trust I CAP SECS 7.5% has a 52-week low of $25.11 and a 52-week high of $26.64.

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 issued a $0.4688 dividend. This represents a $1.88 annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Friday, July 17th.

About Dillards Capital Trust I CAP SECS 7.5%

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.