The TJX Companies, Inc. Announces 21% Increase in Common Stock Dividend
02 4월 2014 - 2:20AM
Business Wire
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 21% from the last dividend paid. The
Board declared a regular quarterly dividend in the amount of $.175
per share, payable June 5, 2014, to shareholders of record on May
15, 2014.
Carol Meyrowitz, Chief Executive Officer of The TJX Companies,
Inc., stated, “I am pleased to report that our Board of Directors
has approved a 21% increase in our quarterly dividend, which marks
the 18th consecutive year we have raised the dividend. Over this
period of time, the Company’s dividend has grown at a compound
annual rate of 23%. In addition, we plan to continue our
significant share buyback program, with approximately $1.6 to $1.7
billion of repurchases planned for Fiscal 2015. With our tremendous
cash flow and excellent financial returns, we remain committed to
returning cash to our shareholders while continuing to invest in
the near- and long-term growth of TJX. All of this underscores our
confidence in our ability to continue to deliver significant
increases in sales, earnings, and cash flow, and generate 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. As of February
1, 2014, the end of the Company’s fiscal year, the Company operated
a total of 3,219 stores in six countries, the United States,
Canada, United Kingdom, Ireland, Germany, and Poland, and three
e-commerce sites. These include 1,079 T.J. Maxx, 942 Marshalls, 450
HomeGoods and 4 Sierra Trading Post stores, as well as tjmaxx.com
and sierratradingpost.com in the United States; 227 Winners, 91
HomeSense, and 27 Marshalls stores in Canada; and 371 T.K. Maxx and
28 HomeSense stores, as well as tkmaxx.com, in Europe. TJX’s press
releases and financial information are also available at
tjx.com.
Important Information at
Website
The Company routinely posts information that may be important to
investors in the Investor Information section at 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: execution of buying strategy 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 and costs of labor; global economic conditions and
consumer spending; data security; information systems and new
technology; seasonal influences; adverse or unseasonable weather;
serious disruptions and catastrophic events; corporate and banner
reputation; merchandise quality and safety; expanding international
operations; merchandise importing; commodity pricing; fluctuations
in currency exchange rates; fluctuations in quarterly operating
results and market expectations; acquisitions, business investments
and divestitures; 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.Debra McConnellGlobal Communications(508)
390-2323
TJX Companies (NYSE:TJX)
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