Dillard’s authorizes new share buyback program, announces dividend
by May 22, 2023 9:26 pm 1,310 views
Dillard’s has approved a new share repurchase program authorizing the company to repurchase up to $500 million of its Class A common stock. The company has completed the authorization remaining under its previous share repurchase program.
The board of directors also declared a cash dividend of 20 cents per share on the Class A and Class B shares of the company payable July 31, 2023 to shareholders of record as of June 30, 2023.
Company shares (NYSE: DDS) closed Monday at $288.72, up $10.72. During the past 52 weeks the share price has ranged between $417.86 and $193.
The Little Rock-based specialty retailer on May 12 reported quarterly revenue of $1.584 billion and net income of $201.5 million. Quarterly earnings per share was $11.85. One year ago, Dillard’s reported net income of $251.1 million on revenue of $1.612 billion. Quarterly earnings per share was $13.68.