Ross Stores Announces Quarterly Dividend

Rhea-AI Summary

Ross Stores (NASDAQ: ROST) announced a regular quarterly cash dividend of $0.3675 per common share, payable on June 28, 2024, to stockholders of record as of June 11, 2024.

Ross Stores operates the largest off-price apparel and home fashion chain in the U.S. with 1,775 Ross Dress for Less locations and 352 dd’s DISCOUNTS stores. The company reported fiscal 2023 revenues of $20.4 billion. Ross offers name brand and designer products at discounts of 20% to 70% off regular prices.

Positive

• Ross Stores declared a quarterly dividend, indicating financial stability.
• Dividend of $0.3675 per share provides direct returns to investors.
• Fiscal 2023 revenues reached $20.4 billion, showcasing strong financial performance.
• Ross operates 1,775 locations of Ross Dress for Less and 352 dd’s DISCOUNTS stores, highlighting vast market presence.
• Ross offers significant savings on name brand and designer products, attracting cost-conscious consumers.

Negative

• No new store openings or expansions announced, potentially indicating slower growth.
• Dividend payment date set for June 28, 2024, might not immediately benefit short-term investors.
• The press release lacked details on future business strategies or initiatives, leaving investors uncertain about long-term plans.

DUBLIN, Calif.--(BUSINESS WIRE)-- Ross Stores, Inc. (NASDAQ: ROST) announced today that the Company’s Board of Directors declared a regular quarterly cash dividend of $0.3675 per common share, payable on June 28, 2024 to stockholders of record as of June 11, 2024.

About Ross Stores, Inc.

Ross Stores, Inc. is an S&P 500, Fortune 500, and Nasdaq 100 (ROST) company headquartered in Dublin, California, with fiscal 2023 revenues of $20.4 billion. Currently, the Company operates Ross Dress for Less^® (“Ross”), the largest off-price apparel and home fashion chain in the United States with 1,775 locations in 43 states, the District of Columbia, and Guam. Ross offers first-quality, in-season, name brand and designer apparel, accessories, footwear, and home fashions for the entire family at savings of 20% to 60% off department and specialty store regular prices every day. The Company also operates 352 dd’s DISCOUNTS^® stores in 22 states that feature a more moderately-priced assortment of first-quality, in-season, name brand apparel, accessories, footwear, and home fashions for the entire family at savings of 20% to 70% off moderate department and discount store regular prices every day. Additional information is available at www.rossstores.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240522414996/en/

Adam Orvos

Executive Vice President, Chief Financial Officer

(925) 965-4550

Connie Kao

Group Vice President, Investor Relations

(925) 965-4668

connie.kao@ros.com

Source: Ross Stores, Inc.

FAQ

What is the dividend amount announced by Ross Stores (ROST)?

Ross Stores announced a quarterly cash dividend of $0.3675 per common share.

When is the Ross Stores (ROST) dividend payable?

The dividend is payable on June 28, 2024.

What is the record date for the Ross Stores (ROST) dividend?

The record date for the dividend is June 11, 2024.

How many Ross Dress for Less locations does Ross Stores (ROST) operate?

Ross Stores operates 1,775 Ross Dress for Less locations.

What were Ross Stores (ROST) revenues for fiscal 2023?

Ross Stores reported fiscal 2023 revenues of $20.4 billion.