TJX - Here's Why TJX Shares Rose 10% in June
2023-07-09 20:32:44 ET
Investors have become excited about the stock of TJX Companies (NYSE: TJX) following a string of economic data that bodes well for retailers. The company has been delivering strong earnings results, and investors are getting bullish about its dividend growth potential. Unexpectedly strong economic indicators sent TJX 10.4% higher in June, according to S&P Global Market Intelligence .
In March, the company -- whose retail chains include T.J. Maxx, Marshalls, and HomeGoods -- announced a 13% increase to its quarterly dividend . That drove share prices higher over the past few months as the dividend yield drifts back down to normalized levels.
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Here's Why TJX Shares Rose 10% in June