Dillard's pays $25.00 special dividend in 2024 with a 5.6% yield
Dividend Hero Dillard´s (DDS) will pay a $25.00 per share special dividend in 2024. The special dividend will be paid on January 6, 2025. Dillard's has a strong dividend track record with 14 years of increases.
On November 21, 2024, 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.”
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| Dillard's stock price now trades near its all time high |
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.
Dillard's did not announce an increase for its regular dividend in 2024. The company typically hikes the dividend once every two years. Dillard's did pay a $20.00 per share special dividend in 2023. The company is one of the 25 top ranked Dividend Heroes for 2024. The regular dividend yield for Dillard's is only 0.22% at a current stock price of $447. The special dividend yields 5.6%.
Other stocks announcing special dividends recently include American Financial Group (AFG) and Weyco (WEYS).
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.
