Dillard’s Inc. has declared a $0.05 dividend per share on its common stock. The dividend is payable on January 30, 2012 for those who own the stock on December 30, 2011.
Dillard’s owns 288 department stores and an additional 16 clearing centers in 29 American States. It sells apparel and home furnishings.
Dillard’s had a good third quarter, earning $0.48 per share compared with last year’s third quarter earnings of $0.22 per share. The chain has also been using $5.7 million of its funds to buy back notes and another $126.3 million dollars to repurchase stock. Third quarter sales rose by 2.9% from $1.34 billion last year to $1.38 billion this year.
The Dillard’s stock has overall been climbing over the last been climbing over the last three months although it dropped on November 14th by 5 points. In the meantime it seems to have stabilized. This stock is worth examining. (See disclaimer).
The executives and officers include Alex Dillard, James I. Freeman, Burt Squires, and G. Kent Burnett.
Disclaimer: the information presented in this article is insufficient to make reliable investment decision. All investment decisions should be base on a thorough analysis of the investment.
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