Dillard's, Inc. Declares Cash Dividend

Little Rock, Arkansas, November 21, 2006 - 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 5, 2007 to shareholders of record as of December 29, 2006.

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