Ross Stores (ROST) Raises Quarterly Dividend 40.6% to $0.225; Raises Buyback to $1.075B

With earnings earlier, Ross Stores (NASDAQ: ROST) declared a quarterly dividend of $0.225 per share, or $0.9 annualized. This is a 40.6% increase from the prior dividend of $0.16. The dividend will be payable on March 30, 2018, to stockholders of record on March 19, 2018, with an ex-dividend date of March 16, 2018. The annual yield on the dividend is 1.1 percent.

The Company’s Board of Directors has approved an increase in the stock repurchase authorization for 2018 to $1.075 billion, up from the previous $875 million.

For a dividend history and other dividend-related data on Ross Stores (ROST) click here.

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