TJX Cos. (NYSE: TJX) announced:

With the Company’s continued strong cash flow, TJX announced today that it intends to increase the regular quarterly dividend on its common stock to be declared in March 2020 and payable in June 2020 to $.26 per share, subject to the approval of the Company’s Board of Directors. This would represent a 13% increase in the current per share dividend and mark the 24th consecutive year that the Company has raised the dividend.

The Company is also announcing today its plan to repurchase approximately $1.75 to $2.25 billion of TJX stock during the fiscal year ending January 30, 2021. With $1.7 billion remaining at Fiscal 2020 year end under the Company’s existing stock repurchase programs, the Company’s Board of Directors approved a new stock repurchase program that authorizes the repurchase of up to an additional $1.5 billion of TJX common stock from time to time. The new authorization represents approximately 2% of the Company’s outstanding shares at current prices. The new stock repurchase program marks the 21st program approved by the Board since 1997. Under the Company’s repurchase plans, share repurchases may be made from time to time in market or private transactions and may include derivative transactions. The repurchase program announced today has no time limit and may be suspended or discontinued at any time.