Dillard's, Inc. Declares Record $25.00 Special Dividend and Quarterly Cash Dividend
Dillard's, Inc. Declares Record $25.00 Special Dividend and Quarterly Cash Dividend
Dillard's declares a $25 special dividend and a $0.25 quarterly dividend, rewarding shareholders in early 2025.
Quiver AI Summary
Dillard's, Inc. has announced a special dividend of $25.00 per share for its Class A and Class B Common Stock, marking the largest special dividend in the company's history. This payment will be made on January 6, 2025, to shareholders recorded by December 13, 2024. CEO William Dillard II and President Alex Dillard expressed their satisfaction with this decision, emphasizing the importance of rewarding shareholders, many of whom are also company associates, thanks to their hard work and loyal customers. Additionally, the Board declared a quarterly cash dividend of $0.25 per share, which will be payable on February 3, 2025, to shareholders of record as of December 31, 2024.
Potential Positives
- Dillard's announced a special dividend of $25.00 per share, marking the largest dividend in the company's history.
- The special dividend rewards shareholders, emphasizing the company's commitment to returning value to both shareholders and associates, who make up the majority of the shareholder base.
- The company also declared a quarterly cash dividend of $0.25 per share, indicating ongoing profitability and financial stability.
Potential Negatives
- The declaration of a large special dividend may indicate a lack of reinvestment opportunities for the company, potentially raising concerns about future growth and strategic direction.
- Paying out significant dividends could strain the company's cash reserves, especially if they do not have robust profits in the upcoming quarters.
- The timing of the special dividend may lead to questions about the company's long-term financial health, particularly if it comes during a period of economic uncertainty or declining sales.
FAQ
What is the special dividend declared by Dillard's?
Dillard's declared a special dividend of $25.00 per share on both Class A and Class B Common Stock.
When is the special dividend payable?
The special dividend is payable on January 6, 2025, to shareholders of record as of December 13, 2024.
What is the significance of this special dividend?
This special dividend is the largest in Dillard's history, reflecting the company's commitment to rewarding its shareholders.
What other dividend did Dillard's announce?
Dillard's also announced a quarterly cash dividend of $0.25 per share, payable on February 3, 2025.
Who are the primary shareholders of Dillard's?
The majority of Dillard's shareholders are also associates of the company, highlighting a strong connection between employees and shareholders.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$DDS Insider Trading Activity
$DDS insiders have traded $DDS stock on the open market 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.
Here's a breakdown of recent trading of $DDS stock by insiders over the last 6 months:
- ROBERT C CONNOR purchased 100 shares.
- J C JR WATTS sold 400 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$DDS Hedge Fund Activity
We have seen 106 institutional investors add shares of $DDS stock to their portfolio, and 159 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PACER ADVISORS, INC. added 326,794 shares (+inf%) to their portfolio in Q3 2024
- VANGUARD GROUP INC added 116,794 shares (+27.2%) to their portfolio in Q3 2024
- NEWPORT TRUST COMPANY, LLC removed 103,117 shares (-2.1%) from their portfolio in Q3 2024
- JACOBS LEVY EQUITY MANAGEMENT, INC removed 96,435 shares (-100.0%) from their portfolio in Q3 2024
- AQR CAPITAL MANAGEMENT LLC added 96,045 shares (+3498.9%) to their portfolio in Q3 2024
- WEDGE CAPITAL MANAGEMENT L L P/NC removed 91,804 shares (-93.8%) from their portfolio in Q3 2024
- ALYESKA INVESTMENT GROUP, L.P. added 76,363 shares (+38.4%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
LITTLE ROCK, Ark., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Dillard's, Inc. (NYSE: DDS) (the "Company" or "Dillard's") announced that the Board of Directors declared a special dividend of $25.00 per share on the Class A and Class B Common Stock of the Company. The special dividend is payable January 6, 2025 to shareholders of record as of December 13, 2024.
In a joint statement, Dillard's Chief Executive Officer, William Dillard, II and President Alex Dillard shared, "We are pleased to announce a $25.00 special dividend today, the largest in Dillard's history. Rewarding shareholders is important to us, particularly because the majority of our shareholders are also our associates. Their exceptional efforts and our loyal customers have helped make today's announcement possible. Today is another great day at Dillard's."
The Company also announced that the Board of Directors declared a quarterly cash dividend of $0.25 per share on the Class A and Class B Common Stock of the Company. The dividend is payable February 3, 2025 to shareholders of record as of December 31, 2024.
CONTACT:
Julie Johnson Guymon, C.P.A.
501-376-5965
julie.guymon@dillards.com
