The TJX Companies, Inc. (TJX) To Go Ex-Dividend on November 12th

The TJX Companies, Inc. (NYSE:TJX) declared a quarterly dividend on Wednesday, September 16th. Investors of record on Thursday, November 12th will be paid a dividend of $0.48 per share by the apparel and home fashions retailer on Thursday, December 3rd. This represents a $1.92 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, November 12th.

TJX Companies has increased its dividend by an average of 0.5% annually over the last three years and has increased its dividend annually for the last 5 consecutive years. TJX Companies has a payout ratio of 38.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect TJX Companies to earn $5.72 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 33.6%.

TJX Companies Stock Up 2.0%

Shares of TJX opened at $138.02 on Tuesday. The firm has a market cap of $151.82 billion, a P/E ratio of 28.27, a P/E/G ratio of 2.74 and a beta of 0.58. The stock has a 50 day simple moving average of $135.87 and a two-hundred day simple moving average of $150.68. TJX Companies has a 1 year low of $122.78 and a 1 year high of $170.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 0.56.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping the consensus estimate of $1.19 by $0.03. The company had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.10 earnings per share. TJX Companies has set its FY 2027 guidance at 5.150-5.200 EPS and its Q3 2027 guidance at 1.360-1.380 EPS. On average, analysts forecast that TJX Companies will post 5.22 earnings per share for the current fiscal year.

TJX Companies Company Profile

The TJX Companies, Inc is an off-price retailer that sells apparel, footwear, accessories, home furnishings and other merchandise through stores and e-commerce sites. Its buying approach focuses on offering brand-name and designer goods at prices generally below those of traditional retailers.

The company operates retail chains including TJ Maxx, Marshalls, HomeGoods and Sierra in the United States; Winners, HomeSense and Marshalls in Canada; and TK Maxx and Homesense in Europe. Its stores carry a changing selection of products across categories such as clothing, home décor, furniture, beauty and outdoor gear.

TJX traces its history to the Zayre discount retail business and became The TJX Companies in 1987.