Dillard's will pay a $25 per share special dividend
Dividend Hero pays annual special dividends | dividend yield is 5.6%
On November 21, 2024, Dividend Hero Dillard’s (DDS) announced another special dividend. This time shareholders will receive $25.00 per share on January 6, 2025. The ex-dividend date is December 13.
Remember that we did a post on Dillard’s a couple of months ago with help from our partner Dividend Freak from Youtube.
Dillard’s did not hike its dividend in 2024 but that is no problem because they hike the dividend only one time every two years, just like fellow Dividend Hero Oracle (ORCL). In 2023 Dillards hiked the dividend by 25% and also paid a $20 per share special dividend.
This year the special dividend by Dillard’s will be $25.00 per share, yielding a whopping 5.6% at a stock price of $446. The regular quarterly dividend of $0.25 per share only yields 0.22% at current stock prices. But hey, if you get a 5%+ special dividend every single year, what would you care right?
Dillard’s is actually our #8 ranked Dividend Hero in 2024. Because they did not announce a dividend hike in 2024 the company will not be eligable for our 2025 selection and that is very unfortunate.
The nice thing is that Dillard’s was the worst performing Dividend Hero throughout most of 2024. Lately the stock bounced big time with DDS now up 10.5% year-to-date.
With a 38.4% gain in 2024 the Dividend Heroes are having their best year ever so far.
Disclaimer: The information provided here is for informational purposes only and should not be considered financial advice. Investors should conduct their own research or consult with a financial advisor before making any investment decisions.