Dillards Capital Trust I CAP SECS 7.5% (NYSE:DDT) Short Interest Update
by Danessa Lincoln · The Markets DailyDillards Capital Trust I CAP SECS 7.5% (NYSE:DDT – Get Free Report) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 2,042 shares, a drop of 52.5% from the May 14th total of 4,298 shares. Based on an average trading volume of 5,473 shares, the short-interest ratio is currently 0.4 days.
Dillards Capital Trust I CAP SECS 7.5% Price Performance
Dillards Capital Trust I CAP SECS 7.5% stock traded up $0.02 during trading hours on Monday, reaching $26.15. The stock had a trading volume of 5,700 shares, compared to its average volume of 8,673. Dillards Capital Trust I CAP SECS 7.5% has a 52 week low of $25.11 and a 52 week high of $26.64. The company has a fifty day simple moving average of $26.15 and a 200-day simple moving average of $26.14.
Dillards Capital Trust I CAP SECS 7.5% Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 17th will be issued a $0.4688 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Friday, July 17th.
About Dillards Capital Trust I CAP SECS 7.5%
Dillards Capital Trust I (NYSE: DDT) is a Delaware statutory trust formed by Dillard’s, Inc in 2003 to raise capital through the issuance of 7.50% fixed‐rate capital securities. The trust’s sole purpose is to acquire junior subordinated debentures issued by Dillard’s, Inc, using the net proceeds from its securities offering. Holders of DDT securities own undivided beneficial interests in the trust’s assets and receive quarterly distributions, subject to the trust’s payment conditions.
The trust’s underlying sponsor, Dillard’s, Inc, is a U.S.