Will TJX Companies Hike Its Dividend on Wednesday?
Income investors have come to look forward to TJX Companies' (NYSE: TJX) late February earnings report. That fourth-quarter announcement includes the all-important holiday selling season, which is critical to the business' annual growth. But it's also the time when management announces its new dividend.
The last few hikes have been significant, including a 25% boost in early 2018 and an 18% increase this time last year. Assuming the off-price retailer's holiday quarter went roughly as planned, investors can expect to see another significant raise for fiscal 2020 when TJX Companies reports its results on Wednesday, Feb. 26.
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Source Fool.com
