TJX - This Dividend Growth Stock Is Firing on All Cylinders
2023-05-26 05:05:00 ET
One of the most important realizations you can ever have as an investor is that most of your stock picks will probably never work out. Between 1990 and 2018, just 45% of all stocks generated any gains for shareholders. This is what makes it critically important to your prospects of success as an investor to buy only top-notch businesses for your portfolio.
The off-price retailer TJX Companies (NYSE: TJX) arguably fits this requirement. A $10,000 investment in the stock made 10 years ago would now be worth almost $36,000 with dividends reinvested. For context, that is above the $31,000 that the same investment amount placed into the S&P 500 index would be valued at today with dividends reinvested.
Let's delve into TJX's fundamentals and valuation to better understand why the stock currently remains a buy for dividend growth investors.
For further details see:
This Dividend Growth Stock Is Firing on All Cylinders