The Federal Reserve held short-term interest rates steady at its recent meeting, citing solid economic activity but also uncertainty from the Iran war. TJX Companies, the off-price retailer behind TJ Maxx, Marshalls, and HomeGoods, reported a 6% jump in fiscal first-quarter 2027 same-store sales and a 29% increase in diluted earnings per share. The company raised its quarterly dividend by nearly 13% to $0.48 per share, marking its 29th dividend increase in the last 30 years. With a payout ratio of just 34% and a dividend yield of 1.2%, TJX offers investors a combination of rising income and capital appreciation potential.
The TJX Companies IncTJX raised its quarterly dividend by 13% and reported a 29% increase in diluted EPS, positive financial events.