Dillard’s, Inc. (DDS) will raise its quarterly dividend by 50.0 percent to $0.15 per share in 2019. This is the first dividend hike since 2017 by the company and marks the 9th consecutive increase on an annualized basis.

The next dividend is payable on the Company’s Class A and Class B Common Stock on November 4, 2019 to shareholders of record as of September 30, 2019. A new annual rate of 60 cents per share yields 1.1% at a stock price of $56.20.

Dillard's, Inc. is a retailer of fashion apparel, cosmetics and home furnishings. The Company's retail operations segment includes the retail department stores. The construction segment includes the operations of CDI Contractors, LLC (CDI), a general contracting construction company. CDI's business includes constructing and remodeling stores for the Company. Dillard's operates its department stores primarily in the southwest, southeast and midwest regions of the United States.