December 3, 2002

Dillard’s, Inc. Declares Cash Dividend

Little Rock, Arkansas, December 3, 2002 - Dillard’s, Inc. (DDS-NYSE) (the “Company”) announced today that the Board of Directors declared a cash dividend of 4 cents per share on the Class A and Class B Common Stock of the Company payable February 3, 2003 to shareholders of record as of December 31, 2002.


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