Dillard’s, Inc. Announces Special Dividend of $25.00 Per Share and Quarterly Cash Dividend of $0.25 Per Share

Rhea-AI Summary

Dillard's has announced its largest-ever special dividend of $25.00 per share on Class A and Class B Common Stock, payable January 6, 2025, to shareholders of record as of December 13, 2024. Additionally, the company declared a quarterly cash dividend of $0.25 per share, payable February 3, 2025, to shareholders of record as of December 31, 2024. Management emphasized the significance of rewarding shareholders, noting that the majority are also company associates whose exceptional efforts, along with loyal customers, made this historic dividend possible.

Positive

• Largest special dividend in company history at $25.00 per share
• Continuation of regular quarterly dividend payments ($0.25 per share)
• Strong cash position enabling significant shareholder returns

Negative

• None.

News Market Reaction – DDS

+2.79%

+2.79% Session move

In the trading session that priced this news, DDS gained 2.79%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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LITTLE ROCK, Ark., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Dillard’s, Inc. (NYSE: DDS) (the “Company” or “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.”

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.

CONTACT:
Julie Johnson Guymon, C.P.A.
501-376-5965
julie.guymon@dillards.com

FAQ

What is the amount of Dillard's (DDS) special dividend announced in November 2024?

Dillard's announced a special dividend of $25.00 per share on both Class A and Class B Common Stock.

When will Dillard's (DDS) special dividend be paid?

The special dividend will be paid on January 6, 2025, to shareholders of record as of December 13, 2024.

What is Dillard's (DDS) regular quarterly dividend amount for 2025?

Dillard's regular quarterly dividend is $0.25 per share, payable February 3, 2025, to shareholders of record as of December 31, 2024.

Is the $25.00 special dividend the largest in Dillard's (DDS) history?

Yes, the $25.00 per share special dividend is the largest in Dillard's history, as stated by the company.