TJX guidance appears conservative, says UBS UBS said TJX reported a solid Q3 and views Q4 guidance as conservative. The firm remains bullish on shares and reiterates its Buy rating and $53 price target.
News For TJX From The Last 14 Days
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TJX looks to increase quarterly dividend 21% to 17.5c per share The Company intends to increase the regular quarterly dividend on its common stock to be declared in April 2014 and payable in June 2014 to $.175 per share, subject to the approval of the Company’s Board of Directors. This increase would represent a 21% increase in the current per share dividend and mark the 18th consecutive year that the Company has raised the dividend. Over this period of time, the Company’s dividend has grown at a compound annual rate of 23%.