- Dillard’s Inc (NYSE:DDS) disclosed a newly authorized share repurchase program and a cash dividend.
- The company’s board of directors authorized a share repurchase program of up to $500 million. DDS has completed its previous share repurchase program.
- The company also declared a cash dividend of $0.20 per share, payable on July 31, 2023, to shareholders of record as of June 30, 2023.
- On May 11, the company reported Q1 2023 revenues of $1.58 billion, exceeding the consensus of $1.54 billion, and EPS of $11.85 beat the analyst expectations of $10.77.
- In Q1, the company repurchased shares worth $113.8 million and had $61.6 million worth of shares remaining under the authorization as of April 29, 2023.
- Operating cash flow stood at $280.9 million in the quarter. Cash and cash equivalents came in at $848.3 as of April 29, 2023.
- Price Action: DDS shares are trading higher by 6.12% at $295.01 on the last check Monday.
- Photo via Wikimedia Commons
Barclays Announces An Update On Over-Issuance Under The Barclays Bank PLC U.S. Shelf; BPLC And BBPLC Will Pay A Combined Penalty Of $200M, Without Admitting Or Denying The SEC’s Findings
The U.S. Securities and Exchange Commission ("SEC") has announced the resolution of its investigation of Barclays PLC ("BPLC") and Barclays Bank PLC ("BBPLC") relating to the over-issuance
