Department store firm Dillard’s Inc. (NYSE: DDS) has increased its stock repurchase program by $250 million. The company said it still has $27.5 million left in its previous share buyback program.
Yesterday the company reported better than expected revenue and earnings for the fourth quarter and provided a forecast for the current quarter that is in-line with analysts’ estimates. The company pays a quarterly dividend of $0.05 for an annual dividend yield of 0.30%.
Shares closed at $60.80 last night, in the stock’s 52-week range of $37.897-$61.08. Shares have seen no action in the pre-market this morning.
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