Today, TJX Companies, Inc. (TJX) announced a 22.22% increase in its quarterly cash dividend. The new dividend increases to 11 cents per share versus 9 cents per share in the same quarter last year. The projected payout ratio increases to 20% based on estimated January 2009 earnings per share of $2.22. This compares to the 5-year historical average payout of 13%. The company carries a S&P Quality Ranking of A+.
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