Is This Blue Chip Stock a Buy After Its Dividend Boost?
When done right and given enough time to work its magic, dividend growth investing is an investment strategy that can help people achieve financial independence. This is defined as the point at which passive income meets or exceeds an individual's expenses.
Having recently raised its quarterly dividend per share by 12.7% to $0.3325, the off-price department store owner TJX Companies (NYSE: TJX) is by any measure a quality dividend growth stock. But should dividend growth investors scoop up shares of the stock right now? Let's gauge TJX's fundamentals and valuation to decide if the stock is currently a sale for investors.
Closing in on 5,000 stores falling under the T.J. Maxx, HomeGoods, Marshalls, Sierra, and Homesense brands in nine countries around the world, TJX is a well-known business. While there are cultural differences between the markets that TJX operates in, everybody appreciates a bargain. And given TJX's 1,200 savvy buying agents and decades of established relationships with over 20,000 vendors, nobody can deliver a bargain to customers quite like this apparel and home fashion retailer.
Source Fool.com
