02-26-2015, 04:12 PM
Loving my Ross Stores!
The Company announced that its Board of Directors recently approved a program to repurchase $1.4 billion of its common stock over the next two years through fiscal 2016. At recent stock prices, this new authorization represents about 7% of the Company's total market value and a 27% increase over the prior two-year $1.1 billion authorization that was completed in January 2015.
The Board also recently approved an increase in the quarterly cash dividend to $.235 per share, up 18% on top of an 18% increase in the prior year. This higher quarterly dividend is payable on March 31, 2015 to stockholders of record as of March 9, 2015.
The Company announced that its Board of Directors recently approved a program to repurchase $1.4 billion of its common stock over the next two years through fiscal 2016. At recent stock prices, this new authorization represents about 7% of the Company's total market value and a 27% increase over the prior two-year $1.1 billion authorization that was completed in January 2015.
The Board also recently approved an increase in the quarterly cash dividend to $.235 per share, up 18% on top of an 18% increase in the prior year. This higher quarterly dividend is payable on March 31, 2015 to stockholders of record as of March 9, 2015.