This Dividend Stock Is Back on Top
The COVID-19 lockdowns hit the retail industry hard, causing stores to close for weeks and months, arguably an unprecedented challenge for many businesses. The pandemic didn't spare retailer The TJX Companies (NYSE: TJX); its business suffered, and management suspended the dividend, sacrificing a dividend growth streak that spanned decades.
But today, the company is back on its feet and should be on the radar for investors looking for a quality dividend growth stock. Here is why TJX can still be an excellent long-term investment.
TJX Companies owns several discount retail store brands for clothing and home goods, including TJ Maxx, Marshalls, HomeGoods, Sierra, and HomeSense in the U.S., plus some international brands in Canada, Europe, and Australia.
Source Fool.com
