Earlier this week TJX Cos., Inc (TJX) announced a 25% increase in the company's second quarter dividend. The new quarterly dividend will be 15 cents per share versus 12 cents per share in the same period last year. The dividend payout ratio is projected to equal 19% based on estimated January 2011 earnings of $3.18. The projected payout compares to the 5-year average payout ratio of 16%. TJX carries an S&P Earnings & Dividend Quality Ranking of A+.
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Source: TJX Increases Dividend 25%