12 Best Retail Dividend Stocks to Buy Now

5. The TJX Companies, Inc. (NYSE:TJX)

Number of Hedge Fund Holders: 73

The TJX Companies, Inc. (NYSE:TJX) runs more than 5,000 off-price stores across nine countries, with TJ Maxx as its leading banner and other major brands including Marshalls and HomeGoods. The company is recognized for offering discounted brand-name merchandise and creating a “treasure hunt” shopping atmosphere. Instead of keeping a full stock of the same products, TJX sources goods from over 21,000 vendors and emphasizes variety, which keeps its selection fresh and constantly changing.

The TJX Companies, Inc. (NYSE:TJX)’s business strength rests on five pillars: opportunistic purchasing, a flexible store format, global scale, the treasure-hunt shopping experience, and tight cost control. These elements allow TJX to adapt quickly to shifting consumer preferences, draw in value-focused shoppers, and grow its store base worldwide. Long-term success relies on securing merchandise at attractive prices, rotating assortments regularly, and delivering a shopping experience built around surprise and savings.

On September 17, The TJX Companies, Inc. (NYSE:TJX) declared a quarterly dividend of $0.425 per share, which was in line with its previous dividend. Overall, the company has been increasing its dividends for 28 consecutive years. As of September 22, the stock has a dividend yield of 1.22%.