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Dillard's, Inc. Announces New $500 Million Share Repurchase Program and Declares $0.15 Cash Dividend

Press release content from Business Wire. The AP news staff was not involved in its creation.
Dillard’s, Inc. Announces New $500 Million Share Repurchase Program and Declares $0.15 Cash Dividend
May 15, 2021 GMT
LITTLE ROCK, Ark. (BUSINESS WIRE) May 15, 2021
Dillard’s, Inc. (DDS-NYSE) (the “Company” or “Dillard’s”) announced that the Board of Directors has approved a new share repurchase program authorizing the Company to repurchase up to $500 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, pursuant to preset trading plans meeting the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934 or through privately negotiated transactions. At May 1, 2021, authorization of $114.3 million remained under the Company’s March 2018 share repurchase plan. ....

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With Dillard's opening date confirmed, Mesa Mall is being 'resurrected'

With Dillard's opening date confirmed, Mesa Mall is being 'resurrected'
gjsentinel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gjsentinel.com Daily Mail and Mail on Sunday newspapers.

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Dillards, Inc. Reports Fourth Quarter and Fiscal Year Results

Posted on
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Dillard’s, Inc. (NYSE: DDS) (the “Company” or “Dillard’s”) announced operating results for the 13 and 52 weeks ended January 30, 2021. This release contains certain forward-looking statements. Please refer to the Company’s cautionary statements included below under “Forward-Looking Information.”
Dillard’s Chief Executive Officer William T. Dillard, II stated,
“Our year-long efforts to control inventory and expenses and preserve liquidity have resulted in encouraging fourth quarter results. We ended the year with $360 million in cash and inventory down 26%. Retail gross margin improved 171 basis points, and operating expenses declined $123 million. Our team’s ability to adjust to the changing circumstances throughout the year made us proud. We are optimistic increased vaccinations, warmer weather and fresh fashions will motivate Americans to shop this spring.” ....

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