TJX Companies (TJX), which operates the discount department store chain TJ Maxx, has raised its quarterly dividend by 13%, making the distribution more attractive.
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Going forward, TJX Companies will pay a dividend of $0.48 per share each quarter, a 12.9% increase from the previous distribution of $0.42. This marks the 29th consecutive year that TJX Companies has raised its dividend paid to shareholders.
Moving forward, TJX stock will have a dividend yield of 1.22%. The next dividend will be payable on June 4 to shareholders of record as of May 14 this year. The company also operates the retail chains Marshalls, HomeSense, and Winners across North America.
TJX Stock Performance
For shareholders of TJX stock, the 13% dividend increase is icing on the cake given the bull run in the company’s shares over the past year. With the U.S. economy softening, demand for TJX Companies’ retail brands has soared.
TJX stock has risen 31% over the past 12 months, including a 3% gain so far in 2026. Over the past five years, the share price has increased 142%. The strong performance has driven the market capitalization of TJX Companies to $177 billion.
Is TJX Stock a Buy?
TJX Companies’ stock has a consensus Strong Buy rating among 13 Wall Street analysts. That rating is based on 12 Buy and one Hold recommendations issued in the last three months. The average TJX price target of $177 implies 11% upside from current levels.
