TJX Cos. (TJX) Raises Quarterly Dividend 13.5% to $0.295, to Continue Significant Share Buybacks

(Updated - March 29, 2022 2:46 PM EDT)

TJX Cos. (NYSE: TJX) declared a quarterly dividend of $0.295 per share, or $1.18 annualized. This is a 13.5% increase from the prior dividend of $0.26.

The dividend will be payable on June 2, 2022, to stockholders of record on May 12, 2022, with an ex-dividend date of May 11, 2022.

The annual yield on the dividend is 1.9 percent.

Ernie Herrman, Chief Executive Officer and President of The TJX Companies, Inc., stated, “I am pleased to report that our Board of Directors has approved a 13% 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%. 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.”

For a dividend history and other dividend-related data on TJX Cos. (TJX) click here.

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