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Stock Market & Financial Investment News

News Breaks
December 18, 2012
16:33 EDTDDSDillard's settles equal employment opportunity commission issues
Dillard's settled matters pending with the Equal Employment Opportunity Commission, or EEOC, concerning two policies that the EEOC alleged to violate the Americans with Disabilities Act. One policy, which was abandoned in 2007, required associates to provide a doctor's note identifying the nature of their medical condition in order to have a medical absence excused. The second policy prescribed a maximum leave period for medical related absences. Neither policy remains in effect. Further, the company denies that either policy violated the ADA. However, in order to avoid further protracted litigation with the EEOC over policies that are no longer in effect, Dillard's determined that the most efficient resolution was to settle with the EEOC. Under the settlement the company agreed to not reinstate the policies at issue as well as to other injunctive relief, and to establish a Class Fund from which current and former associates who believe they were adversely affected by the policies can make a claim.
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August 20, 2015
16:59 EDTDDSDillard's raises quarterly dividend to 7c from 6c per share
Dillard's announced that the Board of Directors declared a cash dividend of 7c per share on the Class A and Class B Common Stock of the company payable November 2 to shareholders of record as of September 30.

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