Dillard's, Inc. Declares Cash Dividend

Little Rock, Arkansas, May 30, 2007 - 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 August 1, 2007 to shareholders of record as of June 29, 2007.

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

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