Dillard’s Inc. of Little Rock on Friday announced a cash dividend of 6 cents per share on its Class A and Class B Common Stock.
The dividend is payable Feb. 2 to shareholders of record as of Dec. 31.
The department store chain also said its board of directors approved a share repurchase program authorizing the company to repurchase up to $500 million of its Class A Common Stock.
Dillard’s (NYSE: DDS) last week reported third-quarter net income of $55.2 million, up 8.4 percent from the $50.9 million it reported in the same quarter last year.