Dillard's Adopts $500M Share Buyback Program

by Shivani Kumaresan, Benzinga Staff Writer

February 25, 2022 7:35 AM | 1 min read |

Dillard’s Inc DDS board has approved a new share repurchase program to repurchase up to $500 million of its common stock.
The new open-ended authorization permits the company to repurchase its shares in the open market.
The board also declared a cash dividend of $0.20 per share, payable May 2, 2022, to shareholders of record as of March 31, 2022.
The company held $716.8 million in cash and equivalents as of January 29, 2022.
Price Action: DDS shares closed higher by 7.00% at $242.90 on Thursday.

Posted In:

News Buybacks General Briefs

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.