Dillard's approves $200mn share repurchase program & 4% dividend per share

25 May '05

1 min read

fashion apparel retailer dillard's bod announced the company to repurchase up to $200 million of its class a common stock. the new open-ended authorization permits the company to repurchase its class a common stock in the open market or through privately negotiated transactions.

dillard's has substantially completed share repurchases authorized under its existing $200 million share repurchase plan, which was approved by the board of directors in may of 2000.

the board of directors declared a cash dividend of 4 cents per share on the class a and class b common stock of the company payable august 1, 2005 to shareholders of record as of june 30, 2005.

dillard's inc ranks among the nations largest fashion apparel and home furnishings retailers with annual revenues exceeding $7.8 billion. the company focuses on delivering maximum value to its shoppers, with fairly priced merchandise complemented by exceptional customer service. dillard's stores offer a broad selection of merchandise, including products sourced and marketed under dillard's exclusive brand names. the company comprises 329 stores, spanning 29 states, all operating with one name - dillard's.

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