The TJX Companies, Inc. Announces Increase in Common Stock Dividend
FRAMINGHAM, Mass.--(BUSINESS WIRE)--The TJX Companies, Inc. (NYSE:TJX), the leading off-price retailer of apparel and home fashions in the U.S. and worldwide, today announced that its Board of Directors declared a regular quarterly dividend in the amount of $.12 per share, representing a 9% increase in the per share amount from the last dividend paid. The dividend is payable June 4, 2009, to shareholders of record on May 14, 2009.
Carol Meyrowitz, President and Chief Executive Officer of The TJX Companies, Inc. stated, “I am pleased to report that our Board of Directors has authorized an increase in our dividend, which reflects our continued confidence in the Company’s financial strength and our business. This marks the 13th consecutive year that we have raised the dividend. Even in a difficult economic environment, our substantial operating cash flows combined with our strong balance sheet allow us to return value to our shareholders while also maintaining significant financial flexibility.”
The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The Company operates 874 T.J. Maxx, 806 Marshalls, 318 HomeGoods, and 135 A.J. Wright stores in the United States. In Canada, the Company operates 200 Winners, 75 HomeSense, and 2 STYLESENSE stores, and in Europe, 234 T.K. Maxx and 7 HomeSense stores. TJX’s press releases and financial information are also available on the Internet at www.tjx.com. The Company routinely posts information that may be important to investors in the Investor Information section at www.tjx.com. The Company encourages investors to consult that section of its website regularly.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Various statements made in this release are forward-looking and involve a number of risks and uncertainties. All statements that address activities, events or developments that we intend, expect or believe may occur in the future are forward-looking statements. The following are some of the factors that could cause actual results to differ materially from the forward-looking statements: conditions of global economies and credit and financial markets; foreign currency exchange rates; execution of buying and inventory management; expansion of operations; identification of customer trends and preferences; fluctuation in results; extension of off-price model; implementation of marketing, advertising and promotional programs; losses from and consequences of computer intrusion(s); seasonal influences; effects of substantial scale; unseasonable weather; competition; retention of personnel; acquisitions and divestitures; operation and implementation of information systems and technology; protection of data; level of cash flows generated; factors affecting consumer spending; merchandise quality and safety; import risks; risks of foreign operations; changes in law and regulations; outcomes of litigation and proceedings; risks of real estate ownership and leasing; stock price fluctuations and other factors that may be described in our filings with the Securities and Exchange Commission. We do not undertake to publicly update or revise our forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied in such statements will not be realized.
