Department store operator Dillard's announced yesterday its second-quarter dividend of $0.05 per share for both its Class A and Class B shares, the same rate it's paid since 2011.
The board of directors said the quarterly dividend is payable on August 5 to the holders of record at the close of business on June 28. Dillard's has made a quarterly payout consistently since 1987.
The regular dividend payment equates to a $0.20-per-share annual dividend, yielding 0.2% based on the closing price of Dillard's stock on May 23.
The article Dillard's Keeps Dividend at $0.05 originally appeared on Fool.com.
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