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Dillard's, Inc.
DDS today announced that the board of directors has approved a share repurchase program
authorizing the Company to repurchase up to $250 million of its Class A Common Stock. The new open-ended authorization permits the Company to repurchase its Class A Common Stock in the open market or through privately negotiated transactions.
Additionally, the board of directors has raised the cash dividend to $0.05 per share on the Class A and Class B Common Stock of the Company payable August 1, 2011 to shareholders of record as of June 30, 2011. This is a 25% increase over the previous dividend amount of $0.04 per share.
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