Ross Stores (ROST) Raises Quarterly Dividend 13.3% to $0.255; Approves $2.55B Buyback

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Go back to Ross Stores (ROST) Raises Quarterly Dividend 13.3% to $0.255; Approves $2.55B Buyback

Ross Stores Reports Fourth Quarter and Fiscal 2018 Results

March 5, 2019 4:01 PM EST

Announces New Two-Year $2.55 Billion Stock Repurchase Program and 13% Increase in Quarterly Cash Dividend

Provides First Quarter and Fiscal 2019 Guidance

DUBLIN, Calif.--(BUSINESS WIRE)-- Ross Stores, Inc. (Nasdaq: ROST) today reported sales and earnings results for both the fourth quarter and fiscal year ended February 2, 2019.

Similar to other retailers, fiscal 2018 was a 52-week year compared to 53 weeks in fiscal 2017. The extra week added approximately $219 million in sales and $.10 to earnings per share in 2017s fourth quarter and fiscal year. Further, the 53rd week added... More