TJX to pay 21-cents-per-share dividend
The TJX Cos. of Framingham will pay out a quarterly stock dividend of 21 cents per share, the parent company of off-price retailers T.J. Maxx, HomeGoods and Marshalls announced Friday.
The action comes less than a month after TJX said strong customer traffic in the first quarter of its new fiscal year led to an 8-percent jump in profits, to $475 million, or 69 cents per share, over the same quarter last year. TJX said net sales for the quarter, which ended May 2, rose 6 percent to $6.9 billion, and consolidated comparable store sales rose 5 percent.
TJX also raised its expectations for the rest of the fiscal cycle, which will end Jan. 30, 2016. It now expects earnings per share in the range of $3.21 to $3.27; it had previously projected $3.17 to $3.25.
TJX said the dividend will be paid Sept. 3 to shareholders of record as of Aug. 13.
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