Dillard’s, Inc. Announces Quarterly Cash Dividend of $0.20 per Share and Special Dividend of $15.00 Per Share

Rhea-AI Summary

Dillard's, Inc. (NYSE: DDS) has declared a quarterly cash dividend of $0.20 per share on its Class A and Class B Common Stock, payable on January 30, 2023. The Company will also issue a special dividend of $15.00 per share, reflecting strong financial performance in the first three quarters of 2022, payable on January 9, 2023. Shareholders of record for the quarterly and special dividends are December 30, 2022 and December 15, 2022, respectively. This decision demonstrates Dillard's commitment to returning value to shareholders.

Positive

• Quarterly cash dividend of $0.20 per share announced.
• Special dividend of $15.00 per share declared, reflecting strong financial performance.
• Demonstrates commitment to returning value to shareholders.

Negative

• None.

LITTLE ROCK, Ark.--(BUSINESS WIRE)-- Dillard’s, Inc. (NYSE: DDS) (the “Company” or “Dillard’s”) announced that the Board of Directors declared a quarterly cash dividend of $0.20 per share on the Class A and Class B Common Stock of the Company. The 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.

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.”

The special dividend of $15.00 per share is payable January 9, 2023 to shareholders of record as of December 15, 2022.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221117006130/en/

Julie Johnson Guymon, C.P.A.

501-376-5965

julie.guymon@dillards.com

Source: Dillard’s, Inc.

FAQ

When is the next dividend payment for Dillard's (DDS)?

The next dividend payment for Dillard's is scheduled for January 30, 2023.

What is the amount of the special dividend declared by Dillard's?

Dillard's has declared a special dividend of $15.00 per share.

Who are the shareholders of record for Dillard's upcoming dividends?

The shareholders of record for the quarterly dividend are December 30, 2022, and for the special dividend, December 15, 2022.

How often does Dillard's declare dividends?

Dillard's typically declares dividends on a quarterly basis.