Ross Stores, Inc. (ROST) said that its Board has approved a two-for-one stock split to be paid in the form of a 100% stock dividend on June 11, 2015 to stockholders of record as of April 22, 2015.
In commenting on this action, Barbara Rentler, Chief Executive Officer, said, "We have delivered solid and consistent financial performance over the past few years which has contributed to significant stock price appreciation over this period. Our decision to split the stock reflects both the Board of Directors' and management's ongoing confidence in the Company's future growth prospects and our continued commitment to enhancing stockholder value."
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