The TJX Companies, Inc. Announces 24% Increase in Common Stock Dividend
30 3월 2016 - 12:26AM
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 24% from the last dividend paid. The
Board declared a regular quarterly dividend in the amount of $.26
per share, payable June 2, 2016, to shareholders of record on May
12, 2016.
Ernie Herrman, Chief Executive Officer and President of The TJX
Companies, Inc., stated, “I am very pleased to report that our
Board of Directors has approved a 24% increase in our quarterly
dividend. This marks our 20th consecutive year of dividend
increases. Over these two decades, the Company’s dividend has grown
at a compound annual rate of 23%. Further, we plan to continue our
significant share buyback program, with approximately $1.5 to $2.0
billion of repurchases planned for Fiscal 2017. With our tremendous
cash flow and excellent financial returns, we remain committed to
returning cash to shareholders while simultaneously reinvesting in
the business to support our near- and long-term growth goals. All
of these actions speak to our confidence in continuing to deliver
strong, profitable sales 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 January
30, 2016, the end of the Company’s fiscal year, the Company
operated a total of 3,614 stores in nine countries, the United
States, Canada, the United Kingdom, Ireland, Germany, Poland,
Austria, the Netherlands, and Australia, and three e-commerce
sites. These include 1,156 T.J. Maxx, 1,007 Marshalls, 526
HomeGoods and 8 Sierra Trading Post stores, as well as tjmaxx.com
and sierratradingpost.com in the United States; 245 Winners, 101
HomeSense, and 41 Marshalls stores in Canada; 456 T.K. Maxx and 39
HomeSense stores, as well as tkmaxx.com, in Europe; and 35 Trade
Secret stores in Australia. 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 and business expansion and
management of large size and scale; customer trends and
preferences; various marketing efforts; competition; personnel
recruitment, training and retention; labor costs and workforce
challenges; data security; information systems and new technology;
economic conditions and consumer spending; adverse or unseasonable
weather; serious disruptions or catastrophic events; disruptions in
the second half of the fiscal year; corporate and retail banner
reputation; quality, safety and other issues with merchandise;
expanding international operations; merchandise importing;
commodity availability and pricing; fluctuations in currency
exchange rates; fluctuations in quarterly operating results and
market expectations; mergers, acquisitions, or business investments
and divestitures, closings or business consolidations; compliance
with laws, regulations and orders and changes in laws, regulations
and applicable accounting standards; outcomes of litigation, legal
proceedings and other legal or regulatory matters; 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.
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The TJX Companies, Inc.Debra McConnellGlobal Communications(508)
390-2323
TJX Companies (NYSE:TJX)
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