Ross 2014 Annual Report Download - page 24

Download and view the complete annual report

Please find page 24 of the 2014 Ross annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 80

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80

PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS
AND ISSUER PURCHASES OF EQUITY SECURITIES
General information. See the information set forth under the caption “Quarterly Financial Data (Unaudited)” under Note K of
Notes to Consolidated Financial Statements in Item 8 of this Annual Report, which is incorporated herein by reference. Our stock
is traded on The NASDAQ Global Select Market® under the symbol ROST. There were 817 stockholders of record as of March 9,
2015 and the closing stock price on that date was $105.45 per share.
Cash dividends. In February 2015, our Board of Directors declared a quarterly cash dividend of $0.235 per common share,
payable on March 31, 2015. Our Board of Directors declared cash dividends of $0.20 per common share in February, May,
August, and November 2014, cash dividends of $0.17 per common share in January, May, August, and November 2013, and
cash dividends of $0.14 per common share in January, May, August, and November 2012.
Stock dividends. In March 2015, our Board of Directors approved a two-for-one stock split in the form of a 100 percent stock
dividend, to be paid on June 11, 2015 to stockholders of record as of April 22, 2015. The stock split will not have an impact on
our consolidated financial position or results of operations. Share and per share amounts have not been restated to reflect the
pending stock split.
Issuer purchases of equity securities. Information regarding shares of common stock we repurchased during the fourth
quarter of fiscal 2014 is as follows:
Total number of Maximum number
Total shares (or units) (or approximate dollar
number of Average purchased as part value) of shares (or
shares price paid of publicly units) that may yet be
(or units) per share announced plans purchased under the
Period purchased1 (or unit) or programs plans or programs ($000)
November
(11/02/2014 - 11/29/2014) 377,109 $ 83.30 373,384 $ 100,400
December
(11/30/2014 - 01/03/2015) 599,206 $ 91.83 598,944 $ 45,400
January
(01/04/2015 - 01/31/2015) 484,038 $ 93.89 483,915 $ —
Total 1,460,353 $ 90.31 1,456,243 $ 0
¹ We acquired 4,110 shares of treasury stock during the quarter ended January 31, 2015. Treasury stock includes shares purchased from employees for tax withholding
purposes related to vesting of restricted stock grants. All remaining shares were repurchased under our publicly announced stock repurchase program.
In February 2015, our Board of Directors approved a new two-year $1.4 billion stock repurchase program for fiscal 2015 and
2016.
See Note H of Notes to Consolidated Financial Statements for equity compensation plan information. The information under
Item 12 of this Annual Report on Form 10-K under the caption “Equity compensation plan information” is incorporated herein by
reference.
22