Dillard’s to Buy Back More Stock (DDS)
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…
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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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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
