Discount retailer The TJX Companies Inc. said Tuesday it is raising its quarterly dividend by 24% to 26 cents a share. The new dividend will be payable June 2 to shareholders of record as of May 12. The company said it is also planning to buy back $1.5 billion to $2.0 billion of its own stock in fiscal 2017. Shares were slightly higher in midmorning trade, and are up 12% in the last 12 months, while the S&P 500 has lost 1.3%.
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