Should You Buy This Dividend Growth Stock?
The primary goal of a dividend investor is to pick stocks that will consistently raise their dividend and help to increase purchasing power over time.
The March 2022 consumer price index reading of 8.5% is the highest inflation rate in four decades. But even with accelerating inflation, there are still stocks raising their dividend in excess of inflation. TJX Companies (NYSE: TJX) -- the off-price retailer and owner of store brands like T.J. Maxx and HomeGoods -- announced a 13.5% hike in its quarterly dividend per share to $0.295 on March 29.
This massive payout increase raises the following question: Should you buy TJX Companies' stock? Let's take a look at its fundamentals and valuation to get an answer.
Source Fool.com
