Key Developments: Dillard's Inc (DDS)
92.01USD
17 May 2013
$0.96 (+1.05%)
$91.05
$91.48
$92.12
$90.91
1,135,668
464,632
$92.95
$60.76
Latest Key Developments (Source: Significant Developments)
Dillard's Inc Announces New $250 Million Share Repurchase Program
Dillard's Inc announced that the Board of Directors has approved a new share repurchase program authorizing the Company to repurchase up to $250 million of Class A Common Stock. The Company has completed the purchase of the $92.0 million outstanding at February 2, 2013 under previous $250 million program. The new open-ended authorization permits the Company to repurchase Class A Common Stock in the open market or through privately negotiated transactions. Full Article
Dillard's Inc Declares Cash Dividend
Dillard's Inc announced that Board of Directors declared a cash dividend of $0.05 per share on the Class A and Class B Common Stock of the Company payable May 6, 2013 to shareholders of record as of March 29, 2013. Full Article
Dillard's Inc Settles Equal Employment Opportunity Commission Issues
Dillard's Inc announced that it has settled matters pending with the Equal Employment Opportunity Commission (EEOC) concerning two policies that the EEOC alleged to violate the Americans with Disabilities Act (the ADA). One policy, which was abandoned in 2007, required associates to provide a doctor's note identifying the nature of their medical condition in order to have a medical absence excused. The second policy prescribed a maximum leave period for medical related absences. Neither policy remains in effect. Further, the Company denies that either policy violated the ADA. However, in order to avoid further protracted litigation with the EEOC over policies that are no longer in effect, Dillard's determined that the most efficient resolution was to settle with the EEOC. Under the settlement the Company agreed to not reinstate the policies at issue as well as to other injunctive relief, and to establish a Class Fund from which current and former associates who believe they were adversely affected by the policies can make a claim. Full Article
Dillard's Inc Declares Two Cash Dividends
Dillard's Inc announced that Board of Directors declared a regular, quarterly cash dividend of $0.05 per share as well as a special, one-time cash dividend of $5.00 per share. 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. Full Article
Dillard's Inc Declares Cash Dividend
Dillard's Inc announced that the Board of Directors declared a cash dividend of $0.05 per share on the Class A and Class B Common Stock of the Company payable November 1, 2012 to shareholders of record as of September 28, 2012. Full Article
Dillard's, Inc Declares Cash Dividend
Dillard's, Inc announced that the Board of Directors declared a cash dividend of $0.05 per share on the Class A and Class B Common Stock of the Company payable August 1, 2012 to shareholders of record as of June 29, 2012. Full Article
JDA Software Group, Inc. Agrees To Litigation Settlement With Dillard's, Inc.
JDA Software Group, Inc. announced that it has entered into a settlement agreement with Dillard's, Inc. which brings to conclusion a litigation matter related to a software license and service agreement between i2 Technologies, Inc. (i2) and Dillard`s, Inc. (Dillard`s) that originated in 2000. JDA acquired i2 in January of 2010. Under the terms of the settlement agreement, i2 agreed to pay $57 million to Dillard`s for final and full resolution of any and all claims against JDA. In June 2010, the litigation matter was adjudicated in Dillard`s favor and a judgment entered in the amount of $237 million. i2 appealed that judgment and the matter had been pending in the court of appeals. JDA posted a bond in 2010, backed by $25 million, which will be released back to JDA. That cash, as well as approximately $3 million in expected insurance proceeds and cash on hand, will be used to pay the settlement. JDA had more than $320 million of cash on hand as of September 30, 2011. JDA expects to take a pre-tax charge of $35 million in the fourth quarter 2011, which represents the settlement amount, net of insurance recoveries, less amounts previously accrued in the financial statements. Full Article
Dillard's, Inc. Declares Cash Dividend
Dillard's, Inc. announced that it has declared a cash dividend of $0.05 per share on the Class A and Class B Common Stock of the Company payable January 30, 2012 to shareholders of record as of December 30, 2011. Full Article
Dillard's, Inc. Declares Cash Dividend
Dillard's, Inc. announced that the Board of Directors declared a cash dividend of $0.05 per share on the Class A and Class B Common Stock of the Company payable October 31, 2011 to shareholders of record as of September 30, 2011. Full Article
UPDATE 4-Macy's profit, sales rise even as some shoppers pull back
May 15 - Macy's Inc reported higher first-quarter profit and sales on Wednesday as it won market share from rival department stores.
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
