Dillards Capital Trust I CAP SECS 7.5% (NYSE:DDT) Sees Large Increase in Short Interest

Dillards Capital Trust I CAP SECS 7.5% (NYSE:DDT) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 7,716 shares, an increase of 299.0% from the June 15th total of 1,934 shares. Based on an average trading volume of 13,648 shares, the short-interest ratio is presently 0.6 days.

Dillards Capital Trust I CAP SECS 7.5% Trading Up 0.1%

Shares of Dillards Capital Trust I CAP SECS 7.5% stock traded up $0.04 on Tuesday, reaching $26.59. 3,986 shares of the stock were exchanged, compared to its average volume of 8,795. Dillards Capital Trust I CAP SECS 7.5% has a 1-year low of $25.11 and a 1-year high of $26.65. The business has a fifty day moving average price of $26.17 and a two-hundred day moving average price of $26.16.

Dillards Capital Trust I CAP SECS 7.5% Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 17th will be given a dividend of $0.4688 per share. The ex-dividend date is Friday, July 17th. This represents a $1.88 annualized dividend and a yield of 7.1%.

About Dillards Capital Trust I CAP SECS 7.5%

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.