Ross Stores (NASDAQ: ROST) declared a quarterly dividend of $0.285 per share, or $1.14 annualized. This is an 11.8% increase from the prior dividend of $0.255.

The dividend will be payable on March 31, 2020, to stockholders of record on March 17, 2020, with an ex-dividend date of March 16, 2020.

The annual yield on the dividend is 1 percent.

Ms. Rentler noted, “The increases to our shareholder payouts for 2020 reflect our ongoing confidence in the Company’s ability to generate significant amounts of cash after funding our growth and the other capital needs of our business. We have repurchased stock as planned every year since 1993 and raised our cash dividend annually since 1994. This consistent record reflects our ongoing commitment to enhancing stockholder value and returns.”

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