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Mass. Movers

TJX to raise its dividend by 26 percent

Carol Meyrowitz is CEO of Framingham-based TJX.

Globe File Photo/2011

Carol Meyrowitz is CEO of Framingham-based TJX.

The parent company of TJ Maxx and Marshalls clothing stores is boosting its quarterly dividend by 26 percent to 14.5 cents. TJX Cos., which also runs HomeGoods, said the dividend will be paid June 6 to shareholders of record as of May 16. Chief executive Carol Meyrowitz said that in addition to the dividend increase, TJX plans to continue its stock buyback program, with about $1.3 billion to $1.4 billion of share repurchases planned for fiscal year 2014.

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