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By Ben Glickman
Shares of Dillard’s rose Friday after the company raised its quarterly dividend.
The stock was up 14% to $380 in premarket trading. Shares have risen 3.3% this year.
The Little Rock, Ark.-based department store chain said Thursday that it was raising its quarterly dividend to 25 cents a share from 20 cents, a 25% increase. The dividend is payable Oct. 30 to shareholders of record as of Sept. 29.
Write to Ben Glickman at [email protected]
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