Ross Stores Dividends

A 40% Dividend Increase From Ross Stores

Retailer Ross Stores announced a 40% dividend increase this week.
Photo: Flickr.com/Nicholas Eckhart

The first full week of March was punctuated by a massive dividend increase by discount retailer Ross Stores.  The company announced a 40% increase to its payout, raising it from 64 cents to 90 cents a year.  Consumer goods company Colgate-Palmolive and defense company rounded out the week with their annual dividend announcements.

The rest of March should be very quiet for announcements of dividend increases – the next one among the companies I track is defense electronics company Raytheon, which should announce its annual increase at the end of the month.

Dividend Increases Announced This Week

Colgate-Palmolive (CL)

Industry: Consumer Goods

Dividend Payment: 42 cents per share – up 5.0% from prior level of 40 cents

Dividend Paid On: 5/15

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 4/19

Number of Years of Dividend Increases: 55

Current Forward Yield: 2.34%

 

General Dynamics Corporation (GD)

Industry: Aerospace & Defense

Dividend Payment: 93 cents per share – up 10.7% from prior level of 84 cents

Dividend Paid On: 5/11

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 4/12

Number of Years of Dividend Increases: 27

Current Forward Yield: 1.62%

 

Ross Stores (ROST)

Industry: Retail

Dividend Payment: 22.5 cents per share – up 40.6% from prior level of 16 cents

Dividend Paid On: 3/30

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/16

Number of Years of Dividend Increases: 24

Current Forward Yield: 1.17%

 

Dividend Increase Announcements Expected Next Week

None.