TJX COMPANIES: dividend hike of 25%!

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Dividend Growth, US Stocks

TJX Companies, an off-price retailer of apparel and home fashions, announced excellent Q4-2017 results this morning. Full year 2017 sales increased 8% and diluted EPS grew 17%. Further, the company announced they expect next year’s EPS guidance to grow another 17% to 20% to a range of $4.73 to $4.83 per share. Given the strong positive outlook, TJX announced a 25% increase to their dividend, starting in April to $0.39/share. This works out to $1.48/share in total payments in 2018, up 24% from 2017. They also announced a renewed buy back program of $2.5B to $3.0B.  The market liked all the good news and sent the stock 6.95% higher on the day.

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