
The TJX Companies, Inc.
TJX29 yrs growthConsumer Cyclical · Apparel Retail · Stock · quarterly payer
Forward Yield
1.32%
Annual Dividend
$1.92
Payout Ratio
33%
5-Yr Growth
12.4%
Ex-Date
Nov 12, 2026
Frequency
Quarterly
Key facts about TJX's dividend
Data as of · Source: SmarterDividends data
- As of Oct 24, 2026, The TJX Companies, Inc. (TJX) has a forward dividend yield of 1.32%, based on an annual dividend of $1.92 per share and a share price of $145.06.
- As of Oct 24, 2026, TJX's dividend safety grade from SmarterDividends is A (83 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, The TJX Companies, Inc. (TJX) has raised its dividend for 29 consecutive years as of Oct 24, 2026, which makes it a Dividend Aristocrat by the 25-year definition.
- TJX last cut its regular dividend in 1996.
- TJX's next ex-dividend date is Nov 12, 2026, with payment on Dec 3, 2026. Shares must be owned before that date to receive the dividend.
- As of Oct 24, 2026, TJX pays out 33% of its trailing 12-month earnings as dividends (its payout ratio).
- TJX's dividend has grown at an average rate of 12.4% a year over the past five years.
- As of Oct 24, 2026, TJX's 1.32% yield is 10% below its five-year average yield of 1.47%.
- As of Oct 24, 2026, SmarterDividends' blended fair-value estimate for TJX is $98.26 per share, 32% below the $145.06 share price, so TJX screens as overvalued.
- The TJX Companies, Inc. (TJX) pays its dividend quarterly, 4 times a year.
- The TJX Companies, Inc. (TJX) has raised its regular dividend 33 times and cut it 1 time across the 157 payments on record since 1987. Its most recent change was a 12.9% increase to $0.480 per share, going ex-dividend on May 14, 2026. The last cut went ex-dividend on Feb 6, 1996.
- TJX (T.J. Maxx) (TJX) has declared its first higher dividend of the year in March in 3 of the last 5 years; its most recent raise, 12.9%, was declared on Mar 30, 2026.
Cite this page
SmarterDividends, "TJX Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 24, 2026, https://smarterdividends.com/stocks/TJX
Summary
As of Oct 24, 2026, The TJX Companies, Inc. (TJX) yields 1.32% ($1.92 a year per share), has a dividend safety grade of A (83/100) and has 29 consecutive years of dividend increases on record.
Is TJX a good dividend stock?
YesThe TJX Companies, Inc. (TJX) pays a quarterly dividend yielding 1.32% ($1.92/yr), with 29 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Dividend Aristocrat — 29 consecutive years of growth
- Comfortable payout ratio (33%)
- Strong 12.4% 5-yr dividend growth
- 109% total price return over 5 years
- Top-tier dividend safety score
Risks
- Cut its dividend in 1996
Key Data
- Dividend Yield
- 1.32%
- Payout Ratio
- 33%
- Annual Dividend
- $1.92
- 5-Yr Avg Growth
- 12.4%
- Ex-Dividend Date
- Nov 12, 2026
- Years of Growth
- 29
- Frequency
- quarterly
- Beta
- 0.56
- Market Cap
- $160.2B
- P/E Ratio
- 26.9
- 5-Yr Total Return
- 109%
- 52-Week Range
- $122.78 – $170.00
- Dividend Safety
- A · 83/100
- Ever Cut?
- Yes (1996)
TJX dividend raises and cuts
The TJX Companies, Inc. (TJX) has raised its regular dividend 33 times and cut it 1 time across the 157 payments on record since 1987. Its most recent change was a 12.9% increase to $0.480 per share, going ex-dividend on May 14, 2026. The last cut went ex-dividend on Feb 6, 1996.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| May 14, 2026 | Raise | $0.425 → $0.480 | +12.9% |
| May 15, 2025 | Raise | $0.375 → $0.425 | +13.3% |
| May 15, 2024 | Raise | $0.333 → $0.375 | +12.6% |
| May 10, 2023 | Raise | $0.295 → $0.333 | +12.9% |
| May 11, 2022 | Raise | $0.260 → $0.295 | +13.5% |
| Feb 10, 2021 | Raise | $0.230 → $0.260 | +13.0% |
| May 15, 2019 | Raise | $0.195 → $0.230 | +17.9% |
| May 16, 2018 | Raise | $0.157 → $0.195 | +24.6% |
| May 9, 2017 | Raise | $0.130 → $0.157 | +20.4% |
| May 10, 2016 | Raise | $0.105 → $0.130 | +23.8% |
| May 12, 2015 | Raise | $0.0875 → $0.105 | +20.0% |
| May 13, 2014 | Raise | $0.0725 → $0.0875 | +20.7% |
Show all 34 changes since 1988
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| May 14, 2013 | Raise | $0.0575 → $0.0725 | +26.1% |
| May 8, 2012 | Raise | $0.0475 → $0.0575 | +21.1% |
| May 10, 2011 | Raise | $0.0375 → $0.0475 | +26.7% |
| May 11, 2010 | Raise | $0.0300 → $0.0375 | +25.0% |
| May 12, 2009 | Raise | $0.0275 → $0.0300 | +9.1% |
| May 6, 2008 | Raise | $0.0225 → $0.0275 | +22.2% |
| May 8, 2007 | Raise | $0.0175 → $0.0225 | +28.6% |
| May 9, 2006 | Raise | $0.0150 → $0.0175 | +16.7% |
| May 10, 2005 | Raise | $0.0113 → $0.0150 | +33.3% |
| May 11, 2004 | Raise | $0.0088 → $0.0113 | +28.6% |
| May 6, 2003 | Raise | $0.0075 → $0.0088 | +16.7% |
| May 16, 2002 | Raise | $0.0056 → $0.0075 | +33.3% |
| May 8, 2001 | Raise | $0.0050 → $0.0056 | +12.5% |
| May 9, 2000 | Raise | $0.0044 → $0.0050 | +14.3% |
| May 11, 1999 | Raise | $0.0038 → $0.0044 | +16.7% |
| May 12, 1998 | Raise | $0.0031 → $0.0038 | +20.0% |
| May 6, 1997 | Raise | $0.0022 → $0.0031 | +42.8% |
| Feb 6, 1996 | Cut | $0.0044 → $0.0022 | −50.0% |
| May 6, 1994 | Raise | $0.0039 → $0.0044 | +12.0% |
| May 7, 1993 | Raise | $0.0036 → $0.0039 | +8.7% |
| May 4, 1990 | Raise | $0.0031 → $0.0036 | +15.0% |
| Feb 3, 1988 | Raise | $0.0023 → $0.0031 | +33.3% |
Frequently Asked Questions
Is TJX a good dividend stock?
Yes. The TJX Companies, Inc. (TJX) pays a quarterly dividend yielding 1.32% ($1.92/yr), with 29 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is TJX undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, TJX's fair value is about $98.26 versus a $145.06 share price — so it looks overvalued (-32% vs. fair value).
Is TJX's dividend safe?
TJX has a dividend-safety grade of A (83/100), based on its payout coverage, free-cash-flow, 29-year growth streak, a dividend cut in 1996, debt and yield-versus-history.
What is TJX's fair value?
Our blended fair-value estimate for TJX is about $98.26 per share, about 32% below the current $145.06 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is TJX a buy, hold, or sell?
We don't issue formal ratings, but on the data TJX screens as "yes" and overvalued. The TJX Companies, Inc. (TJX) pays a quarterly dividend yielding 1.32% ($1.92/yr), with 29 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will TJX cut its dividend?
TJX earns a dividend-safety grade of A (83/100), and has cut its dividend before (last in 1996). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does TJX pay a dividend?
Yes. The TJX Companies, Inc. pays a quarterly dividend of about $1.92 per share annually, a forward yield of roughly 1.32%.
What is TJX's dividend yield?
As of Oct 24, 2026, TJX's forward dividend yield is 1.32%, based on a $1.92 annual dividend and a $145.06 share price.
What is TJX's dividend per share?
As of Oct 24, 2026, TJX pays $1.92 per share per year, distributed on a quarterly basis.
What is TJX's dividend payout ratio?
As of Oct 24, 2026, TJX's payout ratio is 33% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has TJX grown its dividend?
As of Oct 24, 2026, TJX has increased its dividend for 29 consecutive years.
When is the next TJX ex-dividend date?
As of Oct 24, 2026, the next ex-dividend date on record for TJX is Nov 12, 2026.
TJX Price — Last 12 Months
Daily close
Price Return
1 Year
-5%
3 Years
+65%
5 Years
+109%
52-Week Range
$122.78 – $170.00
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is TJX worth?
Overvaluedmedium confidenceOur blended fair-value estimate for The TJX Companies, Inc. is $98.26 per share, versus a market price of $145.06. That implies 32% of downside.
Fair Value
$98.26
Current Price
$145.06
Downside
-32%
Margin of Safety
-48%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 14.8% annual free-cash-flow growth. We model 9.6% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.0% discount rate (CAPM), 9.6% growth for five years fading to 2.5% over the next five, $5.40 EPS, $1.92 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
TJX Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full TJX dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 13, 2026 | Sep 3, 2026 | $0.4800 | regular |
| May 14, 2026 | Jun 4, 2026 | $0.4800 | regular |
| Feb 12, 2026 | Mar 5, 2026 | $0.4250 | regular |
| Nov 13, 2025 | Dec 4, 2025 | $0.4250 | regular |
| Aug 14, 2025 | Sep 4, 2025 | $0.4250 | regular |
| May 15, 2025 | Jun 5, 2025 | $0.4250 | regular |
| Feb 13, 2025 | Mar 6, 2025 | $0.3750 | regular |
| Nov 14, 2024 | Dec 5, 2024 | $0.3750 | regular |
| Aug 15, 2024 | Sep 5, 2024 | $0.3750 | regular |
| May 15, 2024 | Jun 6, 2024 | $0.3750 | regular |
| Feb 14, 2024 | Mar 7, 2024 | $0.3330 | regular |
| Nov 8, 2023 | Nov 30, 2023 | $0.3330 | regular |
| Aug 9, 2023 | Aug 31, 2023 | $0.3330 | regular |
| May 10, 2023 | Jun 1, 2023 | $0.3330 | regular |
Income Calculator
At $1.92 / yr per share
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