Dillard's, Inc. Announces Share Repurchase Program and Cash Dividend of $0.04

Dillard's, Inc. DDS today announced that the board of directors has authorized 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 declared a cash dividend of 4 cents per share on the Class A and Class B Common Stock of the Company payable November 1, 2010 to shareholders of record as of September 30, 2010.