5 Best Retail Dividend Stocks to Buy

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

Number of Hedge Fund Holders: 73

The TJX Companies, Inc. (NYSE:TJX) is an American multinational retail company that specializes in off-price retailing. In the first quarter of 2023, the company generated $11.78 billion in revenues, which showed a 3.2% growth from the same period last year. Its operating cash flow for the quarter came in at $745 million. The company also paid $341 million to shareholders in dividends during the quarter.

One of the best dividend stocks on our list, The TJX Companies, Inc. (NYSE:TJX) currently offers a quarterly dividend of $0.3325 per share. The company has been rewarding shareholders with growing dividends for the past 26 years. As of July 19, the stock has a dividend yield of 1.55%.

At the end of Q1 2023, 73 hedge funds tracked by Insider Monkey were bullish on The TJX Companies, Inc. (NYSE:TJX), up from 69 in the previous quarter. The collective value of these stakes is over $2.75 billion.