More good things on the horizon for TJX
http://seekingalpha.com/article/2951356-...ipt?page=7
![[Image: chpwWCM.png]](https://i.imgur.com/chpwWCM.png)
$1.9B at current prices equates to about 4% shares outstanding put to bed
http://seekingalpha.com/article/2951356-...ipt?page=7
Quote:In fiscal ’16, we plan to balance the use of cash between investing to support our growth and returning cash to shareholders. We’re planning capital spending of approximately $975 million. We expect the Board of Directors will increase our quarterly dividend by 20% on top of the 21% increase last year.
We’re planning to buy back $1.8 billion to $1.9 billion of TJX stock, $100 million to $200 million more than last year. Even with this level of shareholder distributions, we still plan to end fiscal ’16 with $2.4 billion to $2.5 billion in cash in short-term investments, which will provide significant financial flexibility.
$1.9B at current prices equates to about 4% shares outstanding put to bed