Dillard’s, Inc. Announces Special Dividend of $15.00 Per Share

Rhea-AI Summary

Dillard's, Inc. (NYSE:DDS) announced a special dividend of $15.00 per share, reflecting its recent record financial performance. This dividend is payable on December 15, 2021 to shareholders of record as of November 29, 2021. Additionally, the Board declared a cash dividend of $0.20 per share, which will be paid on January 31, 2022 to shareholders of record as of December 31, 2021. Executives expressed gratitude to shareholders and associates who hold approximately 70% of outstanding shares, emphasizing their contribution to the company's success.

Positive

• Special dividend of $15.00 per share reflects strong financial performance.
• Cash dividend of $0.20 per share provides ongoing income for shareholders.
• 70% of outstanding shares are held by associates and their families, indicating strong internal confidence.

Negative

• None.

Also Declares Cash Dividend of $0.20 per Share

LITTLE ROCK, Ark.--(BUSINESS WIRE)-- Dillard’s, Inc. (NYSE:DDS) (the “Company” or “Dillard’s”) 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 recent record financial performance.

In a joint statement, Dillard’s Chief Executive Officer, William Dillard, II and President Alex Dillard noted, “We are extremely happy with the Board’s decision to grant this dividend, which is a special thanks to our shareholders - including our own associates and their families who own approximately 70% of our outstanding shares. They stuck with us through unprecedented times and have been instrumental in achieving our remarkable success this year. We are extremely proud of the exceptional work they continue to do and what we have accomplished together. It would not have been possible without the tremendous support of our dedicated team. Thank you.”

The special dividend of $15.00 per share is payable December 15, 2021 to shareholders of record as of November 29, 2021.

Additionally, the Company announced that the Board of Directors declared a cash dividend of $0.20 per share on the Class A and Class B Common Stock of the Company. The dividend is payable January 31, 2022 to shareholders of record as of December 31, 2021.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211118006381/en/

Julie Johnson Guymon, C.P.A.

501-376-5965

julie.bull@dillards.com

Source: Dillard’s, Inc.

FAQ

What is the special dividend announced by Dillard's?

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

When will the special dividend be paid?

The special dividend will be paid on December 15, 2021.

What is the cash dividend amount and its payment date?

The cash dividend is $0.20 per share, payable on January 31, 2022.

Who are the major shareholders of Dillard's?

Approximately 70% of Dillard's outstanding shares are owned by associates and their families.