Analysis – The TJX Companies Inc. Increases Dividend by 24%

TJX

The TJX Companies Incorporated announced a regular quarterly dividend of $0.26, a 24 percent increase from the prior rate of $0.21 per share. The dividend will be paid at the new higher rate on June 2, 2016, to shareholders of record at close of business on May 12, 2016. The TJX Companies Inc. is a member of the Top 100 dividend growth candidates.

Date Quarterly Dividend
4/11/2016 0.26
2/9/2016 0.21
11/9/2015 0.21
8/11/2015 0.21
5/12/2015 0.21
2/10/2015 0.175
11/10/2014 0.175
8/12/2014 0.175
5/13/2014 0.175
2/11/2014 0.145
11/12/2013 0.145
8/13/2013 0.145
5/14/2013 0.145
2/12/2013 0.115
11/6/2012 0.115
8/7/2012 0.115
5/8/2012 0.115
2/7/2012 0.095
11/8/2011 0.095
8/9/2011 0.095
5/10/2011 0.095
2/8/2011 0.075
11/8/2010 0.075
8/10/2010 0.075
5/11/2010 0.075
2/9/2010 0.06

Analysis of Valuation of The TJX Companies Inc. (Symbol TJX).

TJX is trading above its average price/sale (P/S) range.  TJX is trading below its average historical dividend yield. 

Price 3/30/16 % Yield 5 Year Div. Growth Rate  SPS    2016 P/S Ratio 10 yr P/S  Low 10 yr P/S  High 5 yr max Yield % 5 yr lowest Yield %
$78.68 1.08% 15% 50 1.31 0.39 1.65 1.34% 0.85%

The TJX Companies Inc. Dividend Yield Chart (Click to enlarge)

TJX3

Explanation:  Dividend growth stocks may be valued upon historical relative price/sales and current yield analysis. Dividend stocks trading at a low historical price/sales (P/S) ratio should be viewed more highly to investors due to their depressed valuation versus other higher P/S ratio stocks.  Max P/S price target is based upon company reaching its highest historical P/S ratio.  Dividend stocks should also be viewed favorably when the current yield is above historical readings for the past 10 years.  Further information on evaluating dividend growth candidates can be found at http://seekingalpha.com/author/timothy-mcintosh/articles

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