Dillard's Says Share Buyback, Dividends Possible

May 19, 2013

The Dillard's Store at Woodland Hills Mall in Tulsa.
Credit Dillards.com

LITTLE ROCK, Ark. (AP) — The top executive at Little Rock-based Dillard's Inc. says shareholders may be in for bigger dividends or the company may buy back shares.

The Little Rock-based department store chain held its annual meeting Saturday at its headquarters and discussed its recent favorable results.

Dillard's Chief Executive Officer William Dillard II told shareholders that if the company has more cash in the near term than is necessary to cover operating expenses, the company may repurchase shares or boost dividends.

Copyright 2013 The Associated Press.