Dillard’s, Inc. (DDS) To Go Ex-Dividend on June 30th

Dillard’s, Inc. (NYSE:DDS) declared a quarterly dividend on Thursday, May 28th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.30 per share on Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, June 30th.

Dillard’s has raised its dividend by an average of 1.2%per year over the last three years and has raised its dividend annually for the last 14 consecutive years. Dillard’s has a dividend payout ratio of 5.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Dillard’s to earn $33.55 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 3.6%.

Dillard’s Trading Down 3.1%

NYSE DDS opened at $589.52 on Friday. Dillard’s has a one year low of $386.85 and a one year high of $741.97. The company has a 50-day simple moving average of $575.06 and a 200-day simple moving average of $617.04. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.31 and a current ratio of 2.65. The firm has a market capitalization of $9.21 billion, a PE ratio of 14.02 and a beta of 1.17.

Dillard’s (NYSE:DDS) last posted its quarterly earnings results on Thursday, May 14th. The company reported $16.04 EPS for the quarter, beating the consensus estimate of $10.13 by $5.91. Dillard’s had a net margin of 10.09% and a return on equity of 31.89%. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the business posted $10.39 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities analysts forecast that Dillard’s will post 33.2 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Wall Street Zen lowered shares of Dillard’s from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. UBS Group boosted their target price on shares of Dillard’s from $460.00 to $465.00 and gave the company a “sell” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. reduced their target price on shares of Dillard’s from $524.00 to $449.00 and set an “underweight” rating for the company in a research note on Wednesday, February 25th. Zacks Research lowered shares of Dillard’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Finally, Telsey Advisory Group reduced their target price on shares of Dillard’s from $700.00 to $650.00 and set a “market perform” rating for the company in a research note on Wednesday, February 25th. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $521.33.

Dillard’s Company Profile

Dillard’s, Inc (NYSE:DDS), headquartered in Little Rock, Arkansas, is a U.S.-based department store chain founded by William T. Dillard in 1938. Over more than eight decades of operation, the company has grown from a single store in Nashville, Arkansas, to a prominent retailer with a national footprint. Dillard’s equity is publicly traded on the New York Stock Exchange under the ticker DDS.

The company operates approximately 280 departmental stores across 29 states, offering a broad assortment of merchandise that includes men’s and women’s apparel, accessories, cosmetics, footwear, and home furnishings.