TJX Dividends

Three Blowout Dividend Increases This Week

Retailer TJX was one of three companies that announced 20%+ dividend increases
this week.
Photo: Flickr.com/Mike Mozart

Among five dividend increase announcements this week were three companies that completely blew away expectations.  Retailers TJX Companies and Best Buy Company announced planned increases of 24% and 32%, respectively, while leasing company McGrath RentCorp rewarded investors with a 30% increase.  Take a look at all the details for those three companies, and two others below:

Dividend Increases Announced This Week

Analog Devices (ADI)

Industry: Technology

Dividend Payment: 48 cents per share – up 6.7% from prior level of 45 cents

Dividend Paid On: 3/20

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/8

Number of Years of Dividend Increases: 16

Current Forward Yield: 2.14%

 

Best Buy Company (BBY)

Industry: Retail

Dividend Payment: 45 cents per share – up 32.4% from prior level of 34 cents

Dividend Paid On: 4/12

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 3/21

Number of Years of Dividend Increases: 16

Current Forward Yield: 2.46%

 

McGrath RentCorp (MGRC)

Industry: Rental & Leasing Services

Dividend Payment: 34 cents per share – up 30.8% from prior level of 26 cents

Dividend Paid On: 4/30

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 4/13

Number of Years of Dividend Increases: 26

Current Forward Yield: 2.69%

 

TJX Companies (TJX)

Industry: Retail

Dividend Payment: 39 cents per share – up 24.8% from prior level of 31.25 cents

Dividend Paid On: To Be Announced

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): To Be Announced

Number of Years of Dividend Increases: 22

Current Forward Yield: 1.86%

 

WGL Holdings (WGL)

Industry: Utilities – Gas

Dividend Payment: 51.5 cents per share – up 1.0% from prior level of 51 cents

Dividend Paid On: 5/1

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 4/9

Number of Years of Dividend Increases: 42

Current Forward Yield: 2.52%

 

Dividend Increase Announcements Expected Next Week

Colgate-Palmolive (CL)

General Dynamics Corporation (GD)

Ross Stores (ROST)