Ross Stores’ (ROST) Dividend Growth: A Key Highlight in Retail Dividend Stocks

Ross Stores, Inc. (NASDAQ:ROST) is included among the 12 Best Retail Dividend Stocks to Buy Now.

Ross Stores, Inc. (NASDAQ:ROST) operates a large off-price retail network across the US, offering clothing, home goods, shoes, and accessories at lower prices than traditional department and specialty stores. Its two main chains, Ross Dress for Less and dd’s DISCOUNTS, appeal to budget-conscious shoppers seeking brand-name products at reduced costs. The business model is built around purchasing closeout and excess inventory, providing customers with a constantly refreshed selection at discounted rates.

In recent years, Ross Stores, Inc. (NASDAQ:ROST) has concentrated on five main priorities: off-price buying, expanding its store base, improving supply chain efficiency, strengthening marketing, and managing its workforce. Its strategy is driven by sourcing merchandise on favorable terms, maintaining fast inventory turnover, and opening new stores. Long-term success depends on adapting to shifting consumer tastes, securing strong supply agreements, and keeping expenses under control in areas like distribution and real estate.

Ross Stores, Inc. (NASDAQ:ROST)’s dividend history is also appealing for investors. The company has raised its payouts for four consecutive years, which makes it one of the best dividend stocks in the retail sector. Currently, it pays a quarterly dividend of $0.405 per share and has a dividend yield of 1.12%, as of September 22.

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Disclosure: None.