TJX Companies, Inc. announced that its Board of Directors had raised the amount of its quarterly dividend by 13 percent from the last dividend paid.
The Board declared a regular quarterly dividend of $.3325 per share, payable June 1, to shareholders of record on May 11.
Ernie Herrman, CEO and president of TJX Companies, Inc., stated, “I am pleased to announce that our Board of Directors has approved a 13 percent increase in our quarterly dividend. This marks our 26th dividend increase over the last 27 years. Over this period, the company’s dividend has grown at a compound annual rate of 20 percent. In addition, we plan to continue our significant share buyback program, with approximately $2.0 to $2.5 billion of repurchases planned for Fiscal 2024. These actions underscore our confidence in our ability to continue delivering strong sales, profitability, and cash flow, which allows us to simultaneously reinvest in the growth of the business and return significant value to our shareholders.”
TJX Companies’ portfolio includes:
- 1,299 T.J. Maxx stores, 1,183 Marshalls, 894 HomeGoods stores, 78 Sierra, and 46 Homesense stores, as well as tjmaxx.com, marshalls.com, homegoods.com, and sierra.com, in the United States;
- 297 Winners, 151 HomeSense, and 106 Marshalls stores in Canada;
- 629 T.K. Maxx and 78 Homesense stores, as well as tkmaxx.com, in Europe; and
- 74 T.K. Maxx stores in Australia.