Dillard’s pays special dividend

On November 17, 2022, Dillard’s, Inc. (DDS) declared a $15.00 per share special dividend. This matches the $15.00 special dividend paid by DDS in december 2021. Last year Dillard's hiked its dividend for the 11th consecutive year. So far this year a dividend hike has not yet been announced by the retailer.

The DDS special dividend is payable January 30, 2023 to shareholders of record as of December 30, 2022. The Company also announced that the Board of Directors declared a special dividend of $15.00 per share on the Class A and Class B Common Stock of the Company. The dividend follows the Company’s continued strong financial performance for the first three quarters of 2022. The dividend yield for DDS is 0.2% at a stock price of $363.

In a joint statement, Dillard’s Chief Executive Officer, William Dillard, II and President Alex Dillard noted, “We are happy with the Board’s decision to grant another special dividend. It is truly rewarding to us to return value to all shareholders. Our associates, who represent the majority of our shareholders, have worked hard this year to achieve great results that allow us to pay this special dividend.”

Dillard's, Inc. is a retailer of fashion apparel, cosmetics and home furnishings. The Company's retail operations segment includes the retail department stores. The construction segment includes the operations of CDI Contractors, LLC (CDI), a general contracting construction company. CDI's business includes constructing and remodeling stores for the Company. Dillard's operates its department stores primarily in the southwest, southeast and midwest regions of the United States.