Dillard's Stock Surges Monday - What's Going On
Portfolio Pulse from Lekha Gupta
Dillard's Inc (NYSE:DDS) announced a new $500 million share repurchase program and a cash dividend of $0.20 per share. The company recently reported Q1 2023 revenues of $1.58 billion, beating consensus estimates, and an EPS of $11.85, surpassing analyst expectations.
May 22, 2023 | 3:01 pm
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Dillard's new $500 million share repurchase program and cash dividend announcement, along with strong Q1 2023 results, have led to a surge in the company's stock price.
Dillard's announcement of a new share repurchase program and cash dividend, combined with better-than-expected Q1 2023 results, have positively impacted investor sentiment and driven the stock price up by 6.12%. The repurchase program signals the company's confidence in its future performance, while the dividend provides an additional incentive for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100