The TJX Companies, Inc. (NYSE:TJX) Announces Quarterly Dividend of $0.48

The TJX Companies, Inc. (NYSE:TJX) declared a quarterly dividend on Monday, March 30th. Stockholders of record on Thursday, May 14th will be given a dividend of 0.48 per share by the apparel and home fashions retailer on Thursday, June 4th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, May 14th. This is a 12.9% increase from TJX Companies’s previous quarterly dividend of $0.43.

TJX Companies has increased its dividend by an average of 0.5%annually over the last three years and has raised its dividend every year for the last 5 years. TJX Companies has a payout ratio of 34.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect TJX Companies to earn $4.58 per share next year, which means the company should continue to be able to cover its $1.70 annual dividend with an expected future payout ratio of 37.1%.

TJX Companies Trading Up 0.3%

TJX opened at $155.58 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.14. TJX Companies has a one year low of $116.37 and a one year high of $162.68. The company has a market cap of $172.76 billion, a P/E ratio of 31.88, a PEG ratio of 3.57 and a beta of 0.73. The business’s 50-day simple moving average is $155.53 and its 200-day simple moving average is $150.77.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.05. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The firm had revenue of $17.74 billion during the quarter, compared to the consensus estimate of $17.36 billion. During the same period in the prior year, the company posted $1.23 earnings per share. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. TJX Companies has set its FY 2027 guidance at 4.930-5.020 EPS and its Q1 2027 guidance at 0.970-0.990 EPS. As a group, equities research analysts expect that TJX Companies will post 4.18 EPS for the current fiscal year.

TJX Companies Company Profile

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.