TJX Cos. to Boost Dividend, Repurchase at Least $2 Billion in Stock
22 2월 2023 - 10:21PM
Dow Jones News
By Dean Seal
TJX Cos. plans to raise its quarterly dividend by 13% to 33.25
cents a share from 29.5 cents and buy back at least $2 billion in
stock over the next year.
The retailer said Wednesday that the new quarterly dividend will
be declared next month and be payable in June.
The owner of TJ Maxx said the increase comes after a fourth
quarter in which it generated $3 billion in operating cash
flow.
The company is also planning to repurchase about $2 billion to
$2.5 billion in stock during the fiscal year that ends Feb. 3,
2024.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
February 22, 2023 08:06 ET (13:06 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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