NEW YORK (

TheStreet

) -- The ex-dividend date for

Ross Stores

(Nasdaq:

ROST

) is tomorrow, August 31, 2011. Owners of shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $75.33 as of 9:30 a.m. ET, the dividend yield is 1.2%.

The average volume for Ross Stores has been 1.4 million shares per day over the past 30 days. Ross Stores has a market cap of $8.6 billion and is part of the

services

sector and

retail

industry. Shares are up 19.4% year to date as of the close of trading on Monday.

Ross Stores, Inc., together with its subsidiaries, operates off-price retail apparel and home accessories stores under the Ross Dress for Less and dd's DISCOUNTS brand names in the United States. The company has a P/E ratio of 14.3, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Ross Stores as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Ross Stores Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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