The TJX Companies, Inc. announced that its Board of Directors has raised the amount of its quarterly dividend by 13 percent from the last dividend paid. The Board declared a regular quarterly dividend in the amount of $.295 per share, payable June 2, 2022, to shareholders of record on May 12, 2022.
Ernie Herrman, president and CEO, said, “I am pleased to report that our Board of Directors has approved a 13 percent increase in our quarterly dividend. This marks our 25th dividend increase over the last 26 years. Over this period, the Company’s dividend has grown at a compound annual rate of 21 percent. In addition, we plan to continue our significant share buyback program, with approximately $2.25 to $2.50 billion of repurchases planned for Fiscal 2023. These actions underscore our confidence in our ability to continue delivering profitable sales and strong cash flow, which enables us to simultaneously reinvest in the growth of the business and return significant value to our shareholders.”
Logo courtesy TJX
