Dillard's, Inc. Declares Cash Dividend

Little Rock, Arkansas, November 18, 2011 - Dillard's, Inc. (DDS-NYSE) (the "Company") announced today 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 January 30, 2012 to shareholders of record as of December 30, 2011.

Contact: Julie J. Bull
Director of Investor Relations
(501) 376-5965

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