Ross Stores (NASDAQ: ROST) declared a quarterly dividend of $0.255 per share, or $1.02 annualized. This is a 13.3% increase from the prior dividend of $0.225.

The dividend will be payable on March 29, 2019, to stockholders of record on March 18, 2019, with an ex-dividend date of March 15, 2019.

The annual yield on the dividend is 1.1 percent.

The Company’s Board of Directors authorized a new program to repurchase $2.55 billion of its common stock over the next two fiscal years. At recent stock prices, this new repurchase program represents about 8% of the Company’s total market value and a 31% increase over the prior two-year $1.95 billion authorization that was completed in January 2019.

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