TJX - Buy This Winning Dividend Growth Stock and Forget About It
2023-08-28 11:36:57 ET
We're all bound to make mistakes as investors. Successful investors are the ones who learn from those mistakes and consistently put more capital to work in quality investments. By doing this, it's a near inevitability that just about any investor will build meaningful wealth.
Discount retail conglomerate TJX Companies (NYSE: TJX) is a good example of one of these quality investments. Someone buying $5,000 worth of TJX stock a decade ago would now be sitting on a $19,220 holding (with dividends reinvested). That performance tops the $16,340 holding that the same invested amount in the S&P 500 index would now be worth (again, with dividends reinvested).
The retail brand manager also looks like it has what it takes to keep outperforming the broader market. Let's examine TJX Companies' fundamentals and valuation to learn why.
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Buy This Winning Dividend Growth Stock and Forget About It