Ross Stores, Inc. Plans Quarterly Dividend of $0.45 (NASDAQ:ROST)

Ross Stores, Inc. (NASDAQ:ROST) declared a quarterly dividend on Wednesday, May 20th. Shareholders of record on Tuesday, June 9th will be paid a dividend of 0.445 per share by the apparel retailer on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, June 9th.

Ross Stores has raised its dividend payment by an average of 0.4%per year over the last three years and has increased its dividend every year for the last 6 years. Ross Stores has a dividend payout ratio of 26.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Ross Stores to earn $8.09 per share next year, which means the company should continue to be able to cover its $1.78 annual dividend with an expected future payout ratio of 22.0%.

Ross Stores Price Performance

Shares of ROST opened at $217.79 on Thursday. The firm has a market cap of $70.16 billion, a PE ratio of 32.95, a price-to-earnings-growth ratio of 2.81 and a beta of 0.87. Ross Stores has a 52-week low of $124.49 and a 52-week high of $231.16. The business’s 50 day moving average price is $218.54 and its two-hundred day moving average price is $196.37. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.04 and a current ratio of 1.58.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Tuesday, March 3rd. The apparel retailer reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.10. The business had revenue of $6.64 billion during the quarter, compared to analysts’ expectations of $6.42 billion. Ross Stores had a net margin of 9.43% and a return on equity of 36.70%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the company posted $1.65 earnings per share. On average, equities analysts anticipate that Ross Stores will post 7.37 EPS for the current year.

About Ross Stores

Ross Stores, Inc (NASDAQ: ROST) is an American off‑price retailer headquartered in Dublin, California, that operates the Ross Dress for Less and dd’s DISCOUNTS store formats. The company sells a broad assortment of apparel, footwear, home fashions, accessories and other soft goods, positioning itself as a value-oriented destination for brand‑name and fashion merchandise at reduced prices.

Ross’s business model centers on opportunistic buying of excess inventory, closeouts, cancelled orders and overstocks from manufacturers, department stores and other suppliers.