Dillard's Announces Dividend, New $250M Share Repurchase Program

Dillard's Inc. of Little Rock announced Wednesday a cash dividend of 6 cents per share payable to shareholders of class A and B common stock on Feb. 3, 2014.

The dividends are payable to shareholders of record as of Dec. 31.

In addition, the Dillard's board of directors approved another share repurchase program authorizing the company to repurchase up to $250 million of its Class A Common Stock.

As of Nov. 2, Dillard's reported $40.4 million outstanding under its existing $250 million program, approved by the board in March. The new, open-ended authorization allows Dillard's to repurchase its class A common stock in the open market or through privately negotiated transactions.