RTTNews | May 15, 2021 10:56PM EDT

22:55 Saturday, May 15, 2021 (RTTNews.com) - Dillard's Inc. (DDS) said that its board has approved a new share repurchase program authorizing the Company to repurchase up to $500 million of its Class A Common Stock.

At May 1, 2021, authorization of $114.3 million remained under the company's March 2018 share repurchase plan.

The company also declared a cash dividend of $0.15 per share on the Class A and Class B Common Stock of the Company payable August 2, 2021 to shareholders of record as of June 30, 2021.

Dillard's closed up 22.75% on Friday at $125.35.

Read the original article on RTTNews ( https://www.rttnews.com/3195023/dillard-s-to-repurchase-up-to-500-mln-of-class-a-common-stock.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved