Dillard’s, Inc. (NYSE: DDS) (the “Company” or “Dillard’s”) announced that the Board of Directors declared a cash dividend of $0.06 per share on the Class A and Class B Common Stock of the Company payable February 3, 2014 to shareholders of record as of December 31, 2013.
The Board of Directors has approved an additional share repurchase program authorizing the Company to repurchase up to $250 million of its Class A Common Stock. At November 2, 2013 the Company had $40.4 million outstanding under its existing $250 million program which was approved by the Board in March of 2013. The new open-ended authorization permits the Company to repurchase its Class A Common Stock in the open market or through privately negotiated transactions.
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