By Colin Kellaher

TJX plans to boost its dividend by 13% and buy back $2.5 billion to $2.75 billion worth of stock in its current fiscal year, as the retailer continues to return cash to shareholders.

TJX on Wednesday said it will raise its quarterly dividend to 48 from 42.5 cents, effective with the payout to be declared in March.

The new dividend, which would equal $1.92 on an annual basis, would represent an annual yield of about 1.22% based on Tuesday's closing price of $157.66, up from 1.08%.

The Framingham, Mass., parent of the TJ Maxx, Marshalls and HomeGoods chains, which sports a market capitalization topping $175 billion, returned $4.3 billion to investors during its fiscal year ended Jan. 31, paying $2.5 billion to buy back 18.5 million shares and shelling out $1.8 billion in dividends.

TJX said it had $1.1 billion remaining under its share-repurchase program as of Jan. 31, and that its board had approved the repurchase of up to an additional $3 billion of stock.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

February 25, 2026 07:56 ET (12:56 GMT)

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