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Discount retailer Ross Stores (NASDAQ: ROST ) 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.