Ross Stores raises quarterly dividend 45 percent, 16th annual increase

Ross Stores raises quarterly dividend 45 percent

PLEASANTON, Calif. — Ross Stores Inc. on Thursday raised its quarterly cash dividend by 45 percent, the 16th straight year it has done so.

The discount retailer raised its quarterly dividend to 16 cents per share, payable on Mar. 31 to shareholders of record on Feb. 19.

Ross Stores started paying a dividend in 1994.

Shares of Ross Stores, based in Pleasanton, Calif., fell by $1 to $45.20 on Thursday.