Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  TJX Companies Inc    TJX

News SummaryMost relevantAll newsSector newsTweets 

The TJX Companies, Inc. : Announces 26% Increase in Common Stock Dividend

share with twitter share with LinkedIn share with facebook
share via e-mail
04/02/2013 | 06:45pm CET

The TJX Companies, Inc. (NYSE:TJX), the leading off-price retailer of apparel and home fashions in the U.S. and worldwide, today announced that its Board of Directors has raised the amount of its quarterly dividend by 26% from the last dividend paid. The Board declared a regular quarterly dividend in the amount of $.145 per share, payable June 6, 2013, to shareholders of record on May 16, 2013.

Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc., stated, "I am pleased to report that our Board of Directors has approved a 26% increase in our quarterly dividend, which marks the 17th consecutive year of dividend increases. Over this period of time, the Company's dividend has grown at a compound annual rate of 23%. In addition to the dividend increase, we plan to continue our significant share buyback program, with approximately $1.3 billion to $1.4 billion of repurchases planned for Fiscal 2014. With our financial strength and flexibility, we remain committed to returning cash to our shareholders after reinvesting in our business to support the near- and long-term growth of TJX. These actions underscore our confidence in our ability to continue generating superior financial returns."

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. The Company operates 1,036 T.J. Maxx, 904 Marshalls, 416 HomeGoods and 4 Sierra Trading Post stores as well as SierraTradingPost.com in the United States; 222 Winners, 88 HomeSense, and 14 Marshalls stores in Canada; and 348 T.K. Maxx and 24 HomeSense stores in Europe. TJX's press releases and financial information are also available at www.tjx.com.

Important Information at Website

The Company's recorded messages and conference calls are available at www.tjx.com after they are no longer available by telephone. The Company routinely posts information that may be important to investors in the Investor Information section at www.tjx.com. The Company encourages investors to consult that section of its website regularly.

Forward-looking Statement

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Various statements made in this release are forward-looking and involve a number of risks and uncertainties. All statements that address activities, events or developments that we intend, expect or believe may occur in the future are forward-looking statements. The following are some of the factors that could cause actual results to differ materially from the forward-looking statements: buying and inventory management; operational expansion and management of large size and scale; customer trends and preferences; market, banner, geographic and category expansion; marketing, advertising and promotional programs; competition; personnel recruitment and retention; global economic conditions and consumer spending; data security; information systems and technology; seasonal influences; adverse or unseasonable weather; serious disruptions and catastrophic events; corporate and banner reputation; merchandise quality and safety; international operations; merchandise importing; commodity pricing; foreign currency exchange rates; fluctuations in quarterly operating results; market expectations; acquisitions and divestitures and the success of transitions; compliance with laws, regulations and orders; changes in laws and regulations; outcomes of litigation, legal matters and proceedings; tax matters; real estate activities; cash flow and other factors that may be described in our filings with the Securities and Exchange Commission. We do not undertake to publicly update or revise our forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied in such statements will not be realized.

The TJX Companies, Inc.
Sherry Lang
Senior Vice President
Global Communications
(508) 390-2323

© Business Wire 2013
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on TJX COMPANIES INC
01/10DJThe Limited Latest Apparel Retailer That Faced Struggles in Changing Industry
01/06 U.S. department store challenges fail to rattle some investors
01/05DJLackluster Holidays Take Toll on Macy's -- WSJ
01/03 TJX : #38. The TJX Companies, Inc.
2016 TJX : Engagements switchenko, singh engaged
2016 TJX : Research Reports on Department Stores Equities -- J.C. Penney, Macy's, Koh..
2016 TJX : DE/ Management's Discussion and Analysis of Financial Condition and Result..
2016 DAILY DIVIDEND REPORT : Tjx, dvn, nue, oge, bdc
2016 THE TJX COMPANIES, INC. : Announces Quarterly Common Stock Dividend
2016 THE TJX COMPANIES, INC. (NYSE : TJX) Files An 8-K Departure of Directors or Cert..
More news
Sector news : Discount Stores without Groceries
06:29p Target cuts earnings forecast due to weak holiday sales
04:36pDJTARGET : Issues Profit Warning on Disappointing Holiday Sales -- 2nd Update
01:58pDJTARGET : Issues Profit Warning on Disappointing Holiday Sales -- Update
01:49pDJTARGET : Issues Profit Warning on Disappointing Holiday Sales
01/07DJRetailers Face Hit Under Tax Plan -- WSJ
More sector news : Discount Stores without Groceries
News from SeekingAlpha
11:08a Is Macy's 5% Yield Worth The Risk?
01/12 Retail sector called 'uninvestable' by Wells Fargo
01/09 Two Dividend Growth Retailers Pulling Back To Support
01/09 Retail investors edgy as ICR heats up
01/06 Markit forecasts double-digit dividend hikes at handful of firms
Financials ($)
Sales 2017 33 163 M
EBIT 2017 3 811 M
Net income 2017 2 303 M
Finance 2017 473 M
Yield 2017 1,35%
P/E ratio 2017 22,12
P/E ratio 2018 20,23
EV / Sales 2017 1,49x
EV / Sales 2018 1,41x
Capitalization 50 033 M
More Financials
Duration : Period :
TJX Companies Inc Technical Analysis Chart | TJX | US8725401090 | 4-Traders
Full-screen chart
Technical analysis trends TJX COMPANIES INC
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 84,0 $
Spread / Average Target 9,4%
Consensus details
EPS Revisions
More Estimates Revisions
Ernie L. Herrman President, Chief Executive Officer & Director
Carol M. Meyrowitz Executive Chairman
Scott Goldenberg CFO & Senior Executive Vice President
John F. O'Brien Lead Independent Director
Willow B. Shire Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
WAL-MART DE MEXICO S A..-3.64%28 662
DOLLAR TREE, INC.3.02%18 770
More Results