TJX Companies Inc (TJX) to Issue Quarterly Dividend of $0.31 on March 8th

TJX Companies Inc (NYSE:TJX) declared a quarterly dividend on Tuesday, December 5th, RTT News reports. Investors of record on Thursday, February 15th will be paid a dividend of 0.3125 per share by the apparel and home fashions retailer on Thursday, March 8th. This represents a $1.25 annualized dividend and a yield of 1.65%. The ex-dividend date is Wednesday, February 14th.

TJX Companies has increased its dividend by an average of 21.4% per year over the last three years and has raised its dividend every year for the last 21 years. TJX Companies has a dividend payout ratio of 31.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect TJX Companies to earn $4.39 per share next year, which means the company should continue to be able to cover its $1.25 annual dividend with an expected future payout ratio of 28.5%.

TJX Companies (NYSE TJX) opened at $75.71 on Tuesday. The stock has a market cap of $47,827.36, a P/E ratio of 20.44, a P/E/G ratio of 1.62 and a beta of 0.73. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.67 and a current ratio of 1.53. TJX Companies has a 1-year low of $66.44 and a 1-year high of $81.46.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.00. The company had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.86 billion. TJX Companies had a net margin of 7.01% and a return on equity of 52.79%. TJX Companies’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $0.91 earnings per share. equities analysts predict that TJX Companies will post 3.93 EPS for the current year.

TJX has been the topic of several research reports. Buckingham Research reissued a “buy” rating and set a $85.00 price objective on shares of TJX Companies in a report on Thursday, October 19th. Wells Fargo & Co lowered shares of TJX Companies from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $76.00 to $72.00 in a report on Wednesday, January 3rd. Guggenheim reissued a “buy” rating and set a $86.00 price objective on shares of TJX Companies in a report on Friday, December 15th. Goldman Sachs Group lowered shares of TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 price target on the stock. in a report on Tuesday, December 5th. Finally, Royal Bank of Canada set a $70.00 price target on shares of TJX Companies and gave the stock an “outperform” rating in a report on Tuesday, November 14th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $82.00.

TRADEMARK VIOLATION NOTICE: “TJX Companies Inc (TJX) to Issue Quarterly Dividend of $0.31 on March 8th” was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The correct version of this story can be read at https://www.dispatchtribunal.com/2018/02/13/tjx-companies-inc-tjx-to-issue-quarterly-dividend-of-0-31-on-march-8th.html.

About TJX Companies

The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.

Dividend History for TJX Companies (NYSE:TJX)

Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply