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TJX Companies To Raise Quarterly Dividend - Quick Facts

The TJX Companies, Inc. (TJX) said it plans to increase the regular quarterly dividend on its common stock to be declared in March 2020 and payable in June 2020 to $0.26 per share. This would represent a 13% increase in the current per share dividend.

The company also announced its plan to repurchase approximately $1.75 billion to $2.25 billion of TJX stock during the fiscal year ending January 30, 2021. The Board approved a new stock repurchase program that authorizes the repurchase of up to an additional $1.5 billion of TJX common stock.

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