TJX Companies Is Ready to Restart Its Dividend
TJX Companies (NYSE: TJX) is on the mend. The off-price retailer announced third-quarter results on Wednesday that were highlighted by strong sales and earnings metrics. The business isn't yet fully recovered from the pandemic, but management is optimistic that a complete financial rebound and a resumed dividend payment are imminent.
Third-quarter sales fell 5%, which was better than executives' forecast. Its core T.J. Maxx and Marshalls brands shrank, but the HomeGoods franchise notched surging growth thanks to high demand for home furnishings.
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Source Fool.com
