Short Interest in Dillards Capital Trust I CAP SECS 7.5% (NYSE:DDT) Drops By 69.9%

Dillards Capital Trust I CAP SECS 7.5% (NYSE:DDT) was the target of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 4,004 shares, a drop of 69.9% from the February 26th total of 13,309 shares. Based on an average daily trading volume, of 5,837 shares, the short-interest ratio is currently 0.7 days.

Dillards Capital Trust I CAP SECS 7.5% Price Performance

DDT remained flat at $25.90 on Thursday. The company had a trading volume of 17,993 shares, compared to its average volume of 9,548. Dillards Capital Trust I CAP SECS 7.5% has a 1 year low of $24.39 and a 1 year high of $26.64. The business has a 50 day moving average of $26.11 and a two-hundred day moving average of $26.10.

Dillards Capital Trust I CAP SECS 7.5% Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Thursday, April 16th will be issued a dividend of $0.4688 per share. This represents a $1.88 annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend is Thursday, April 16th.

Dillards Capital Trust I CAP SECS 7.5% Company Profile

Dillards Capital Trust I (NYSE: DDT) is a Delaware statutory trust formed by Dillard’s, Inc in 2003 to raise capital through the issuance of 7.50% fixed‐rate capital securities. The trust’s sole purpose is to acquire junior subordinated debentures issued by Dillard’s, Inc, using the net proceeds from its securities offering. Holders of DDT securities own undivided beneficial interests in the trust’s assets and receive quarterly distributions, subject to the trust’s payment conditions.

The trust’s underlying sponsor, Dillard’s, Inc, is a U.S.