Dillards to Buy Back $250 Million of its Common Stock (DDS)
Apparel company, Dillard’s, Inc. (DDS) reported on Friday that it will buy back $250 million of its common stock.
The company has announced that it will repurchase $250 million of its Class A common stock. This plan follows the completion of the $92 million share repurchase plan which was completed on February 2, 2013.
The current authorization will allow the company to buy back shares of Class A stock either in the open market or by privately negotiated transactions.
Dillard’s shares were mostly flat during premarket trading Friday. The stock has increased 24.5% in the past year.
The Bottom Line
Shares of Dillard’s, Inc. (DDS) have a 0.25% yield, based on Thursday’s closing price of $78.52.
Dillard’s, Inc. (DDS) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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