ROST - 3 Reasons to Buy This Retailer After Its Dividend Boost
What are two almost-surefire signs that a company is doing well and expects that to continue in the future?
The answer is when said company announces an increase in its dividend paid to shareholders as well as a large share repurchase program . This is because it typically demonstrates that the company is producing too much cash flow to entirely reinvest back into its business.
On March 1, off-price retailer Ross Stores (NASDAQ: ROST) raised its quarterly dividend per share by 8.8% to $0.31 and authorized a $1.9 billion share repurchase program. Let's dive into three reasons why the stock now looks like a buy for dividend investors.
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3 Reasons to Buy This Retailer After Its Dividend Boost