The TJX Companies, Inc. Announces Increase In Common Stock Dividend From $0.3325 To $0.375 Per Share
Portfolio Pulse from Benzinga Newsdesk
The TJX Companies, Inc. (NYSE:TJX) announced a 13% increase in its quarterly dividend to $0.375 per share, payable on June 6, 2024, to shareholders of record as of May 16, 2024. This marks the 27th dividend increase in 28 years, with a compound annual growth rate of 20%. Additionally, TJX plans to continue its share buyback program with $2.0 to $2.5 billion in repurchases for Fiscal 2025, reflecting confidence in continued sales growth, profitability, and strong cash flow.
April 02, 2024 | 4:44 pm
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TJX announced a 13% increase in its quarterly dividend to $0.375 per share and plans for $2.0 to $2.5 billion in share buybacks for Fiscal 2025.
The increase in dividend and the continuation of a significant share buyback program indicate strong financial health and confidence in future growth. This is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
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