Below is a list of companies in the United States that have increased their dividends in the month of March. 

The companies we list are not the complete list of companies that have increased their dividends in Canada and the United States or the rest of the world however, they are companies we follow or own.

US Companies

Company	Previous ($)	New ($)	Change (%)
American Express	0.43	0.52	20.93
Dick’s Sporting Goods	0.4375	0.4875	11.4
Colgate-Palmolive	0.45	0.47	4.44
TJX Companies	0.26	0.2950	13.46
Waste Management	0.5750	0.65	13.04
Williams-Sonoma	0.71	0.78	9.86

 

The dollar value listed per share represents a quarterly dividend payment.

Information was obtained from the companies directly.

 

History of The TJX Companies, Inc.

The TJX Companies, Inc. recently increased their quarterly dividend from $0.26 to $0.2950 which is an increase of 13.46%. The annual dividend now totals to $1.18 per share.   

The TJX Companies, Inc. is a discounted apparel and home fashions retailer that has four major divisions: Marmaxx, HomeGoods, TJX Canada, and TJX International (includes Europe and Australia). Here in Canada, you might be familiar with their retail brands: Winners, HomeSense, and Marshalls. As of January 2021, TJX operated more than 4,500 stores in 9 different countries and across three continents. In addition to their physical retail stores, TJX sells off-priced goods to consumers through their five e-commerce websites. The company has evolved to fulfill the demand of ordering goods from the comfort of our own homes. 

The TJX Companies, Inc. has been in existence for around 45 years. In 1976, its roots were formed when Bernard Cammarata was employed by Zayre Corp to initiate the launch of a subsidiary chain selling discounted brand-name goods. The first T.J. Maxx stores opened in 1977 and were located in Auburn and Worcester, Massachusetts.

Zayre Corp was restructured in the late 1980s and spun off three of its brands (T.J. Maxx, Hit or Miss, and Chadwick’s of Boston), which were the early retail banners of what would become The TJX Companies, Inc.

In 1990, TJX widened their reach to Canada by acquiring Winners. At the time Winners was comprised of five off-price family apparel stores. TJX has grown this chain into the nation’s largest off-price retailer. In 1994, TJX further expanded their geographic region by launching T.K. Maxx in the U.K. and then shortly thereafter in Ireland.

TJX launched HomeSense in Canada in 2001, which is their off-price retailer that sells a wide variety of name brand goods for your home.

Overall, The TJX Companies, Inc. has continued to grow and increase their revenue. You might have noticed that The TJX Companies, Inc. temporarily suspended their dividend during the pandemic. Suspending their dividend allowed the company to gain a better understanding of how the pandemic would impact their business. It ultimately allowed the company to preserve their cash to ensure they made it out of the downturn in good standing. With re-establishing their dividend and recently increasing it, we can see that the company is increasingly profitable.  

 

“How will you replace your current income in retirement?”™ - Jim Seyers