The TJX Companies, Inc.
TJX29 yrs growthConsumer Cyclical · Stock · quarterly payer
Forward Yield
1.45%
Annual Dividend
$1.92
Payout Ratio
33%
5-Yr Growth
12.4%
Ex-Date
Aug 13, 2026
Frequency
Quarterly
Summary
As of September 2026, The TJX Companies, Inc. (TJX) yields 1.45% ($1.92 per share annually), with a blended fair-value estimate of $100.81 — -24% downside, so it screens as overvalued. Dividend safety grade: A (83/100). 29 years of dividend growth.
Is TJX a good dividend stock?
YesThe TJX Companies, Inc. (TJX) pays a quarterly dividend yielding 1.45% ($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
- 100% total price return over 5 years
- Top-tier dividend safety score
Risks
- Cut its dividend in 1996
Key Data
- Dividend Yield
- 1.45%
- Payout Ratio
- 33%
- Annual Dividend
- $1.92
- 5-Yr Avg Growth
- 12.4%
- Ex-Dividend Date
- Aug 13, 2026
- Years of Growth
- 29
- Frequency
- quarterly
- Beta
- 0.59
- Market Cap
- $145.3B
- P/E Ratio
- 24.5
- 5-Yr Total Return
- 100%
- 52-Week Range
- $130.15 – $170.00
- Dividend Safety
- A · 83/100
- Ever Cut?
- Yes (1996)
Frequently Asked Questions
TJX Price — Last 12 Months
Daily close
Price Return
1 Year
-9%
3 Years
+49%
5 Years
+100%
52-Week Range
$130.15 – $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 $100.81 per share, versus a market price of $132.08. That implies 24% of downside.
Fair Value
$100.81
Current Price
$132.08
Downside
-24%
Margin of Safety
-31%
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 13.3% annual free-cash-flow growth. We model 9.5% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.3% discount rate (CAPM), 9.5% stage-1 growth, 2.5% terminal growth, $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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 13, 2026 | — | $0.4800 | regular |
| May 14, 2026 | — | $0.4800 | regular |
| Feb 12, 2026 | — | $0.4250 | regular |
| Nov 13, 2025 | — | $0.4250 | regular |
| Aug 14, 2025 | — | $0.4250 | regular |
| May 15, 2025 | — | $0.4250 | regular |
| Feb 13, 2025 | — | $0.3750 | regular |
| Nov 14, 2024 | — | $0.3750 | regular |
| Aug 15, 2024 | — | $0.3750 | regular |
| May 15, 2024 | — | $0.3750 | regular |
| Feb 14, 2024 | — | $0.3330 | regular |
| Nov 8, 2023 | — | $0.3330 | regular |
| Aug 9, 2023 | — | $0.3330 | regular |
| May 10, 2023 | — | $0.3330 | regular |
Income Calculator
At $1.92 / yr per share
