Department store operator Dillard's (NYSE:DDS) announced yesterday its second-quarter dividend of $0.05 per share for both its Class A and Class B shares, the same rate it's paid since 2011.

The board of directors said the quarterly dividend is payable on August 5 to the holders of record at the close of business on June 28. Dillard's has made a quarterly payout consistently since 1987.

The regular dividend payment equates to a $0.20-per-share annual dividend, yielding 0.2% based on the closing price of Dillard's stock on May 23.

DDS Dividend Chart

DDS Dividend data by YCharts

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool owns shares of Dillard's. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.