Dillard’s Announces Dividend Payment and Share Repurchase Program

Dillard’s, Inc. (DDS) announced on March 1 that the company’s Board of Directors authorized a new share repurchase program and a shareholder dividend. The $500 million share repurchase program in addition to the $34.8 million remaining from the February 2016 share repurchase program. In addition, shareholders of record as of March 30, 2018 will receive a dividend of $0.10 per share on May 7.

 

Sonal received the news and issued an alert at 4:14 pm. The next trade took was during after-market trading for $82.21 at 4:49 pm. Regular market trading opened the next morning at $81.98. The stock price climbed higher throughout the day before closing at $87.97.

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