FRAMINGHAM, Mass.--(BUSINESS WIRE)--Apr. 2, 2019--
The TJX Companies, Inc. (NYSE:TJX), the leading off-price apparel and
home fashions retailer in the U.S. and worldwide, today announced that
its Board of Directors has raised the amount of its quarterly dividend
by 18% from the last dividend paid. The Board declared a regular
quarterly dividend in the amount of $.23 per share, payable June 6,
2019, to shareholders of record on May 16, 2019.
Ernie Herrman, Chief Executive Officer and President of The TJX
Companies, Inc., stated, “I am pleased to report that our Board of
Directors has approved an 18% increase in our quarterly dividend. This
marks our 23rd consecutive year of dividend increases. Over
this period, the Company’s dividend has grown at a compound annual rate
of 22%. In addition, we plan to continue our significant share buyback
program, with approximately $1.75 to $2.25 billion of repurchases
planned for Fiscal 2020. TJX continues to generate tremendous amounts of
cash and deliver strong financial returns. These actions underscore our
confidence in our ability to continue delivering profitable sales and
strong cash flow, which enables us to simultaneously reinvest in the
growth of the business and return value to our shareholders.”
About The TJX Companies, Inc.
The TJX Companies, Inc. is the leading off-price retailer of apparel and
home fashions in the U.S. and worldwide. As of February 2, 2019, the end
of the Company’s fiscal year, the Company operated a total of 4,306
stores in nine countries, the United States, Canada, the United Kingdom,
Ireland, Germany, Poland, Austria, the Netherlands, and Australia, and
three e-commerce sites. These include 1,252 T.J. Maxx, 1,091 Marshalls,
749 HomeGoods, 35 Sierra, and 16 Homesense stores, as well as tjmaxx.com
in the United States; 271 Winners, 125 HomeSense, and 88 Marshalls
stores in Canada; 567 T.K. Maxx and 68 Homesense stores, as well as tkmaxx.com,
in Europe; and 44 T.K. Maxx stores in Australia. TJX’s press releases
and financial information are available at tjx.com.
Important Information at Website
The Company routinely posts information that may be important to
investors in the Investors section at tjx.com.
The Company encourages investors to consult that section of its website
View source version on businesswire.com: https://www.businesswire.com/news/home/20190402005789/en/
Source: The TJX Companies, Inc.
The TJX Companies, Inc.