Dillard's reports 6-cent quarterly dividend

Little Rock, Ark.-based retailer Dillard’s Inc. (NYSE: DDS) reported Wednesday it would issue a quarterly dividend of 6 cents, up from a 5-cent dividend issued for the same period last year.

The dividend will be payable Aug. 4 to shareholders of record as of June 30, according to Arkansas Business.

The news comes as the company hit an all-time stock high on Friday, when its stock closed at $111 per share.

Read more from Arkansas Business.