Ross Stores's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Ross Stores (NASDAQ:ROST) has announced a quarterly dividend of 33.5 cents per share, with the ex-dividend date set for Monday. Shareholders owning ROST stock by the end of Friday's session will be eligible for the dividend, which will be paid on December 29, 2023. The stock is expected to open 33.5 cents lower on Monday to reflect the dividend payout.
November 29, 2023 | 2:45 pm
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Ross Stores has declared a quarterly dividend of $0.335/share, with the ex-dividend date on Monday. The stock will likely open lower by the dividend amount on that day.
The stock price of Ross Stores is expected to decrease in the short term by the amount of the dividend on the ex-dividend date, as the value of the dividend is no longer included in the stock price. This is a common occurrence and is typically priced in by the market.
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