Dillard's this week announced plans to increase its quarterly dividend payout from $0.05 per share of Class A and Class B Common stock to $0.06. This is a 20% increase, and the first time the company has raised its quarterly amount since May 2011, when its payout was $0.04 per share.

Dillard's latest dividend will be payable Nov. 4 to shareholders of record as of Sept. 30. The company has paid a quarterly dividend to shareholders since September 1987. The annualized amount for Dillard's dividend tallies up to $0.24 per share. As of market close on Aug. 20, Dillard's stock was trading at $79.78, which means its dividend payout currently yields 0.3%.

 

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The article Dillard's Boosts Its Dividend originally appeared on Fool.com.

Fool contributor Caroline Bennett has no position in any stocks mentioned. The Motley Fool owns shares of Dillard's. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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