TJX Q4 Earnings Rise, EPS In-Line With Estimates; Dividend Boosted 21% (TJX)


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Discount apparel and home goods retailer The TJX Companies, Inc. ( TJX ) on Wednesday matched analyst estimates for the 4th quarter, provided in-line guidance and boosted its dividend payout significantly.

The Framingham, MA-based company reported fourth quarter net income of $475.31 million, or 62 cents per share, compared with $334.41 million, or 42 cents per share, in the year-ago period.

Revenue rose 6% from last year to $6.71 billion.

Looking ahead, TJX forecast fiscal 2013 full-year earnings of $2.21 to $2.31 per share, while analysts expect $2.27 per share for the year.

In a separate announcement, TJX's board said it approved a 21% increase to its quarterly dividend payout. The new dividend of 11.5 cents per share (up from 9.5 cents) will be officially announced in April and paid in May.

TJX shares were mostly flat in premarket trading Wednesday.

The Bottom Line
Shares of TJX Companies ( TJX ) will now have a 1.31% dividend yield, based on the higher dividend payout and last night's closing stock price of $35.22. The stock has technical support in the $32 price area. The shares are trading at all-time highs.

The TJX Companies, Inc. ( TJX ) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Stocks

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