Off-price apparel and home fashion retailer The TJX Companies, Inc. (TJX) raised its full-year guidance for both pretax profit margin and EPS, following its higher-than-expected profit in the first quarter. For the fiscal year ending February 3, 2024, the company expects its pretax profit margin to range from 10.3% to 10.5% and EPS to be in the range of $3.49 to $3.58.
Furthermore, last month, TJX declared a quarterly dividend on its common stock of $0.33 per share, payable to shareholders on August 31, 2023. Its annual dividend of $1.33 yields 1.56% on prevailing prices. Its dividend payouts have grown at a 20.8% CAGR over the past three years and a 12.9% CAGR over the past five years.
