The TJX Companies, Inc. Announces 18% Increase in Common Stock Dividend
03 4월 2019 - 12:09AM
Business Wire
The TJX Companies, Inc. (NYSE:TJX), the leading off-price
apparel and home fashions retailer in the U.S. and worldwide, today
announced that its Board of Directors has raised the amount of its
quarterly dividend by 18% from the last dividend paid. The Board
declared a regular quarterly dividend in the amount of $.23 per
share, payable June 6, 2019, to shareholders of record on May 16,
2019.
Ernie Herrman, Chief Executive Officer and President of The TJX
Companies, Inc., stated, “I am pleased to report that our Board of
Directors has approved an 18% increase in our quarterly dividend.
This marks our 23rd consecutive year of dividend increases. Over
this period, the Company’s dividend has grown at a compound annual
rate of 22%. In addition, we plan to continue our significant share
buyback program, with approximately $1.75 to $2.25 billion of
repurchases planned for Fiscal 2020. TJX continues to generate
tremendous amounts of cash and deliver strong financial returns.
These actions underscore our confidence in our ability to continue
delivering profitable sales and strong cash flow, which enables us
to simultaneously reinvest in the growth of the business and return
value to our shareholders.”
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
2, 2019, the end of the Company’s fiscal year, the Company operated
a total of 4,306 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 1,252 T.J. Maxx, 1,091 Marshalls, 749 HomeGoods, 35 Sierra,
and 16 Homesense stores, as well as tjmaxx.com and sierra.com in
the United States; 271 Winners, 125 HomeSense, and 88 Marshalls
stores in Canada; 567 T.K. Maxx and 68 Homesense stores, as well as
tkmaxx.com, in Europe; and 44 T.K. Maxx stores in Australia. TJX’s
press releases and financial information are available at
tjx.com.
Important Information at
Website
The Company routinely posts information that may be important to
investors in the Investors section at tjx.com. The Company
encourages investors to consult that section of its website
regularly.
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version on businesswire.com: https://www.businesswire.com/news/home/20190402005789/en/
The TJX Companies, Inc.Debra McConnellGlobal Communications(508)
390-2323
TJX Companies (NYSE:TJX)
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