Dillards Capital Trust I CAP SECS 7.5% (DDT) to Issue Quarterly Dividend of $0.47 on May 1st

Dillards Capital Trust I CAP SECS 7.5% (NYSE:DDT) declared a quarterly dividend on Wednesday, March 11th. Investors of record on Thursday, April 16th will be given a dividend of 0.4688 per share on Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Thursday, April 16th.

Dillards Capital Trust I CAP SECS 7.5% Stock Performance

Shares of DDT opened at $25.97 on Friday. Dillards Capital Trust I CAP SECS 7.5% has a fifty-two week low of $24.39 and a fifty-two week high of $26.64. The firm’s 50-day simple moving average is $26.21 and its two-hundred day simple moving average is $26.10.

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.