The TJX Companies, Inc. (TJX) To Go Ex-Dividend on May 14th

The TJX Companies, Inc. (NYSE:TJX) declared a quarterly dividend on Monday, March 30th. Shareholders of record on Thursday, May 14th will be paid 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 1.3%. 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 payment by an average of 0.5%per year over the last three years and has raised its dividend every year for the last 5 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 $5.56 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 34.5%.

TJX Companies Stock Performance

Shares of TJX opened at $148.84 on Tuesday. TJX Companies has a one year low of $119.84 and a one year high of $165.82. The company has a 50-day moving average of $158.08 and a two-hundred day moving average of $154.06. The stock has a market cap of $164.59 billion, a price-to-earnings ratio of 30.50, a PEG ratio of 3.53 and a beta of 0.64. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.59.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, topping the consensus estimate of $1.38 by $0.05. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The company had revenue of $17.74 billion during the quarter, compared to analysts’ expectations of $17.36 billion. During the same period last year, the company posted $1.23 earnings per share. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. 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. On average, equities research analysts expect that TJX Companies will post 5.06 earnings per share for the current year.

About TJX Companies

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.