Retail investors are continuously looking for stability and reliable income, especially when the broader economic climate feels uncertain. One stock that continues to deliver for its shareholders is the leading off-price apparel and home fashions retailer, The TJX Companies (NYSE:TJX).
The retail giant recently announced that its Board of Directors has approved a generous 13% increase to its quarterly dividend. Going forward, investors will collect $0.48 per share in quarterly dividends. This new payout will be distributed on June 4, 2026, to shareholders of record as of May 14, 2026. With this latest increase, the stock now offers a dividend yield of approximately 1.2%, which is in line with the S&P 500 average.
While that may not be the highest yield on the market, it comes with phenomenal capital appreciation. The stock is already up 5% this year and has surged by nearly 30% over the past 12 months.
What makes this company particularly compelling is its impeccable track record. This marks the 29th time the retailer has increased its dividend over the last 30 years. During that impressive span, the dividend has grown at a compound annual rate of 20%.
In addition to the dividend hike, the company plans to continue its massive share buyback program, targeting $2.50 billion to $2.75 billion in repurchases for Fiscal 2027.
Chief Executive Officer Ernie Herrman noted that these actions underscore the company's confidence in its ability to increase sales, drive profitability, and deliver strong cash flow.
For investors seeking a proven winner that operates popular brands like Winners, Marshalls, and HomeSense, this stock remains a fantastic option to buy and hold for the long term.
