TJX Companies Hikes its Dividend 13% After a Strong Holiday Season Performance

TJX Companies (NYSE: TJX), the retailer behind off-price franchises including TJ Maxx and Marshalls, on Wednesday reported strong sales growth for the fiscal fourth quarter. The company paired that good news with a big increase in its annual dividend.

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Sales growth landed at 6% for the period that encompasses the peak shopping weeks around Christmas. That result was about twice management's projected increase and it lifted the retailer well above peers like Target and Walmart , which grew at about 2% at the end of 2019.

Source Fool.com