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

Dillards Capital Trust I CAP SECS 7.5% (NYSE:DDT) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 4,377 shares, a drop of 52.0% from the April 15th total of 9,128 shares. Based on an average daily trading volume, of 7,650 shares, the days-to-cover ratio is presently 0.6 days.

Dillards Capital Trust I CAP SECS 7.5% Trading Down 0.1%

DDT stock traded down $0.03 during mid-day trading on Friday, hitting $26.19. 5,874 shares of the company were exchanged, compared to its average volume of 9,265. The business has a fifty day simple moving average of $26.07 and a 200-day simple moving average of $26.10. Dillards Capital Trust I CAP SECS 7.5% has a 12-month low of $25.11 and a 12-month high of $26.64.

Dillards Capital Trust I CAP SECS 7.5% Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Thursday, April 16th were given a dividend of $0.4688 per share. This represents a $1.88 annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend was Thursday, April 16th.

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.