TJX Companies raised its quarterly dividend by nearly 13% to $0.48 per share after reporting a 6% jump in fiscal first-quarter 2027 same-store sales. The off-price retailer, which operates TJ Maxx, Marshalls, and HomeGoods, saw diluted earnings per share rise 29% in the period ended May 2 and expects full-year comparable sales growth of 3% to 4%. The company has increased its dividend for 29 of the last 30 years, with the only interruption coming during the early COVID-19 pandemic in 2020, and its payout ratio stands at 34%. TJX ended the quarter with 5,262 stores after adding 48 new locations, and its dividend yield of 1.2% now exceeds the S&P 500's 1.1%.
The TJX Companies IncTJX raised dividend 13% and reported 6% same-store sales growth, with EPS up 29%.
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