Ross Stores Keeps Dividend Steady at $0.17

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Discount retailer Ross Stores  announced yesterday its second-quarter dividend of $0.17 per share, the same rate it paid last quarter after it raised the payout 21%, from $0.14 per share.

The board of directors said the quarterly dividend is payable on July 10 to the holders of record at the close of business on June 28. Ross has paid a dividend every quarter since 2005, and has raised the payout annually since then.

The regular dividend payment equates to a $0.69-per-share annual dividend, yielding 1% based on the closing price of Ross Stores' stock on May 22.


ROST Dividend Chart

ROST Dividend data by YCharts

The article Ross Stores Keeps Dividend Steady at $0.17 originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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