The TJX Companies, Inc. (NYSE:TJX) to Issue $0.48 Quarterly Dividend

The TJX Companies, Inc. (NYSE:TJX) announced a quarterly dividend on Tuesday, June 9th. Investors of record on Thursday, August 13th will be paid a dividend of 0.48 per share by the apparel and home fashions retailer on Thursday, September 3rd. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 13th.

TJX Companies has raised its dividend by an average of 0.5%annually over the last three years and has raised its dividend annually for the last 5 consecutive years. TJX Companies has a payout ratio of 38.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect TJX Companies to earn $5.66 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 33.9%.

TJX Companies Stock Performance

NYSE:TJX opened at $164.57 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54. The firm has a market cap of $181.80 billion, a price-to-earnings ratio of 31.95, a price-to-earnings-growth ratio of 3.47 and a beta of 0.62. The firm’s fifty day moving average price is $157.07 and its 200 day moving average price is $155.74. TJX Companies has a 1-year low of $119.84 and a 1-year high of $165.82.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, topping the consensus estimate of $1.02 by $0.17. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The company had revenue of $14.32 billion during the quarter, compared to analysts’ expectations of $14.02 billion. During the same quarter last year, the business earned $0.92 EPS. The business’s revenue was up 9.2% on a year-over-year basis. TJX Companies has set its FY 2027 guidance at 5.080-5.150 EPS and its Q2 2027 guidance at 1.150-1.170 EPS. On average, sell-side analysts expect that TJX Companies will post 5.15 EPS for the current 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.