Home / Knowledge / News / Apparel/Garments / TJX Companies declares quarterly dividend of $.175/ share
TJX Companies declares quarterly dividend of $.175/ share
Dec '14
The TJX Companies, Inc, a off price retailer of apparel and home fashions, has announced that the Company’s Board of Directors has approved a quarterly dividend for holders of the Company’s common shares in the amount of $.175 per common share. The dividend will be paid on March 5, 2015 to shareholders of record at the close of business on February 12, 2015.

TJX has recently announced sales and earnings results for the third quarter ended November 1, 2014. According to reports, net sales for the third quarter of fiscal 2015, increased 6 per cent year-on-year to $7.4 billion, while comparable store sales increased 2 per cent over last year’s 5 per cent hike.

Net income for the third quarter of fiscal 2015 which includes a tax benefit of $.11 per share reached $595 million and diluted earnings per share were $.85 as against last year’s $.86 per share.

TJX posted consolidated pretax profit margin of 13.0 per cent for the reporting quarter, up 0.4 percentage points over a strong increase in the prior year third quarter.

The gross profit margin for the third quarter of fiscal 2015 was 29.4 per cent, a very marginal hike of just 0.1 percentage points versus strong growth in the year earlier quarter.

During the third quarter, the Company repurchased a total of $448 million of TJX stock, retiring 7.5 million shares.

For the first nine months of fiscal 2015, the retailer spent a total of $1.2 billion in repurchases of TJX stock, retiring 21.5 million shares, as per reports.

As of November 1, 2014, the end of the Company’s third quarter, TJX operated a total of 3,385 stores in six countries, the United States, Canada, the United Kingdom, Ireland, Germany, and Poland, and three e-commerce sites. (GK)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Oct 2016

Indian govt plans roadshows to promote textile exports

The Indian government has planned to conduct roadshows to boost the...

Textiles | On 24th Oct 2016

TPP may hit roadblock

The 12-member Trans-Pacific Partnership (TPP) that was signed earlier ...

Textiles | On 24th Oct 2016

Baba Ramdev’s Patanjali to enter textile manufacturing

Patanjali Ayurved, an enterprise initiated by yoga guru Baba Ramdev,...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search