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

Core Insights - Ross Stores, Inc. (NASDAQ:ROST) is recognized as one of the 12 best retail dividend stocks to buy now, highlighting its strong position in the retail market [1] Company Overview - Ross Stores operates a large off-price retail network in the US, offering a variety of products including clothing, home goods, shoes, and accessories at lower prices compared to traditional retailers. Its main chains, Ross Dress for Less and dd's DISCOUNTS, cater to budget-conscious consumers seeking brand-name items at discounted prices [2] Business Strategy - The company focuses on five main priorities: off-price buying, expanding its store base, improving supply chain efficiency, strengthening marketing, and managing its workforce. Its strategy emphasizes sourcing merchandise on favorable terms, maintaining fast inventory turnover, and opening new stores. Long-term success is contingent on adapting to changing consumer preferences, securing strong supply agreements, and controlling expenses in distribution and real estate [3] Dividend Performance - Ross Stores has a strong dividend history, having raised its payouts for four consecutive years, making it one of the top dividend stocks in the retail sector. The company currently pays a quarterly dividend of $0.405 per share, resulting in a dividend yield of 1.12% as of September 22 [4]