Dillard's declares special $5 dividend

LITTLE ROCK (Arkansas News Bureau) -- The Board of Directors of Dillard's Inc., has declared a one-time cash dividend of $5 per share in addition to a quarterly cash dividend of 5-cents per share, according to a news release on the company's website Monday.

"This special, one-time dividend of $5 per share reflects our strong financial position and underscores our confidence in Dillard's," William Dillard II, chief executive officer, said. "We are pleased to return value to our shareholders in this manner."

Both dividends are payable on the Class A and Class B Common Stock of the Company on December 21, 2012 to shareholders of record as of December 7, 2012.

Dillard's closed at $85.84 on Monday, but was up to $87.54 -- a 1.98 percent -- in early trading today.

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