TJX Companies Reinstates Dividend, Raises It by 13%; Yield Is 2.7%
The TJX Companies (NYSE: TJX) has declared a dividend hike in advance of the holidays. The retailer, which among other holdings operates the T.J. Maxx and Marshalls discount department stores, announced Tuesday that its next quarterly common stock dividend will be $0.26 per share. This represents a 13% increase over the company's last disbursement, which was handed out all the way back in March.
Investors will have to wait for quite some time to be paid, however. The payment date on the new dividend will be next March 4, to stockholders of record as of Feb. 11, and at the most recent closing stock price it would yield 2.7%.
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Source Fool.com
