LITTLE ROCK, Ark.--(BUSINESS WIRE)--
Dillard’s, Inc. (NYSE: DDS) (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 February 3, 2018, authorization of $34.8 million
remained under the Company’s February 2016 share repurchase plan.
The Board of Directors also declared a cash dividend of $0.10 per share
on the Class A and Class B Common Stock of the Company payable May 7,
2018 to shareholders of record as of March 30, 2018.
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Source: Dillard’s, Inc.