November 26, 2012

Dillard's, Inc. Declares Two Cash Dividends

Board Declares Special, One-Time Cash Dividend of $5.00 per Share

Little Rock, Arkansas, November 26, 2012 - Dillard's, Inc. (DDS-NYSE) (the "Company") announced today that the Board of Directors declared a regular, quarterly cash dividend of $0.05 per share as well as a special, one-time cash dividend of $5.00 per share. Both dividends are payable on the Class A and Class B Common Stock of the Company on December 21, 2012 to shareholders of record as of December 7, 2012. Chief Executive Officer, William Dillard, II, stated, "This special, one-time dividend of $5.00 per share reflects our strong financial position and underscores our confidence in Dillard's. We are pleased to return value to our shareholders in this manner."

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


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