The TJX Companies TJX, the leading off-price retailer of apparel
and home fashions in the U.S. and worldwide, today announced that its Board of
Directors has raised the amount of its quarterly dividend by 26% from the last
dividend paid. The Board declared a regular quarterly dividend in the amount
of $.145 per share, payable June 6, 2013, to shareholders of record on May 16,
2013.
Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc., stated,
“I am pleased to report that our Board of Directors has approved a 26%
increase in our quarterly dividend, which marks the 17^th consecutive year of
dividend increases. Over this period of time, the Company's dividend has grown
at a compound annual rate of 23%. In addition to the dividend increase, we
plan to continue our significant share buyback program, with approximately
$1.3 billion to $1.4 billion of repurchases planned for Fiscal 2014. With our
financial strength and flexibility, we remain committed to returning cash to
our shareholders after reinvesting in our business to support the near- and
long-term growth of TJX. These actions underscore our confidence in our
ability to continue generating superior financial returns.”
About The TJX Companies, Inc.
The TJX Companies, Inc. is the leading off-price retailer of apparel and home
fashions in the U.S. and worldwide. The Company operates 1,036 T.J. Maxx, 904
Marshalls, 416 HomeGoods and 4 Sierra Trading Post stores as well as
SierraTradingPost.com in the United States; 222 Winners, 88 HomeSense, and 14
Marshalls stores in Canada; and 348 T.K. Maxx and 24 HomeSense stores in
Europe. TJX's press releases and financial information are also available at
www.tjx.com.
Important Information at Website
The Company's recorded messages and conference calls are available at
www.tjx.com after they are no longer available by telephone. The Company
routinely posts information that may be important to investors in the Investor
Information section at www.tjx.com. The Company encourages investors to
consult that section of its website regularly.
Forward-looking Statement
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995: Various statements made in this release are forward-looking and involve
a number of risks and uncertainties. All statements that address activities,
events or developments that we intend, expect or believe may occur in the
future are forward-looking statements. The following are some of the factors
that could cause actual results to differ materially from the forward-looking
statements: buying and inventory management; operational expansion and
management of large size and scale; customer trends and preferences; market,
banner, geographic and category expansion; marketing, advertising and
promotional programs; competition; personnel recruitment and retention; global
economic conditions and consumer spending; data security; information systems
and technology; seasonal influences; adverse or unseasonable weather; serious
disruptions and catastrophic events; corporate and banner reputation;
merchandise quality and safety; international operations; merchandise
importing; commodity pricing; foreign currency exchange rates; fluctuations in
quarterly operating results; market expectations; acquisitions and
divestitures and the success of transitions; compliance with laws, regulations
and orders; changes in laws and regulations; outcomes of litigation, legal
matters and proceedings; tax matters; real estate activities; cash flow and
other factors that may be described in our filings with the Securities and
Exchange Commission. We do not undertake to publicly update or revise our
forward-looking statements even if experience or future changes make it clear
that any projected results expressed or implied in such statements will not be
realized.
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