September 23, 2013
TJX Announces Stock Dividend
By Rick Saia
The TJX Cos. of Framingham, the parent firm of global clothing store brands T.J. Maxx and Marshalls, as well as Home Goods, announced a quarterly dividend on its common stock of 14.5 cents per share.
The dividend will be paid Dec. 5 to shareholders of record as of Nov. 14, the company said.
Last month, TJX raised its full-year guidance after reporting second-quarter earnings beat expectations. The company saw an 18-percent increase in earnings per share in the second quarter of its fiscal 2014 cycle. Net income was $479.6 million, or 66 cents per share, compared with $421.1 million, or 56 cents per share in the same period last year. Net sales were up 8 percent from $5.9 billion last year, to $6.4 billion.
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