TJX Companies (TJX) will raise its quarterly dividend by 17.9 percent to $0.23 per share in 2019. This increase would mark the 23rd consecutive year that the company has raised the dividend.
The off-price retailer did not yet announce record and payment dates for this increased dividend, but indicated that the 23 cents dividend will be officially declared in April 2019 and is payable in June 2019.
At a stock price of $51 the new annualized rate of 92 cents per share yields approximately 1.8%.
The TJX Companies, Inc. is an off-price retailer of apparel and home fashions. The Company operates stores in the United States, Canada, the United Kingdom, Ireland, Germany, Poland, Austria, the Netherlands, and Australia. TJX also operates three e-commerce sites.