Check Out These 8 Big Companies That Just Seriously Hiked Their Dividends

Not every retailer is cash-strapped thanks to the ongoing shift to digital shopping. 

So far this earnings season, eight major retailers increased their quarterly dividends by shockingly high rates. Here are the names. 

Hint, Macy's (M) , J.C. Penney (JCP) and Sears Holdings Corp. (SHLD) , coming off of very weak holiday seasons, will not be found on this list.

Editor's Pick originally published Feb. 24.

TJX Companies hiked its dividend by 20%.
TJX Companies hiked its dividend by 20%.

First up is TJ Maxx parent TJX Companies (TJX) , which hiked its quarterly dividend by 20% to 31.25 cents a share. The off-price apparel and home fashions retailer reported that its fourth quarter revenue rose 6% to $9.5 billion, way above Wall Street's estimations for $4.44 billion. TJX also increased its existing stock repurchase plan, of which $1.8 billion remains, approving an extra $1 billion.

Jim Cramer and the AAP team hold a position in TJX Companies for their Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells TJX? Learn more now.

Home Depot boosted its dividend by 29%.
Home Depot boosted its dividend by 29%.

Home Depot (HD) increased its quarterly dividend by a whopping 29% to 89 cents a share in the fourth quarter. The home-improvement retailer also initiated a new $15 billion stock repurchase program after reporting that its same-store sales grew 6.2% in the U.S.

Kohl's lifted its dividend by 10%.
Kohl's lifted its dividend by 10%.

Kohl's (KSS) announced that it boosted its quarterly dividend by 10% to 55 cents a share, despite the retailer posting paltry fourth quarter results. While the company's revenue of $6.21 billion was roughly in line with Wall Street's expectations, it declined 2.8% from last year and its same-store sales fell 2.2% in the quarter.

Dunkin' Brands increased its dividend 7.5%.
Dunkin' Brands increased its dividend 7.5%.

Dunkin' Brands Group  (DNKN) , parent of Dunkin' Donuts and Baskin-Robbins, raised its quarterly dividend by 7.5% to 32.25 cents a share. The company posted fourth quarter revenue of $215.7 million, a 5.8% rise from last year, and slightly higher than analysts' estimates of $215 million.

Domino's Pizza hiked its dividend 21%.
Domino's Pizza hiked its dividend 21%.

Domino's Pizza (DPZ) not only reported shockingly strong fourth quarter and full-year results, but it also raised its quarterly dividend 21.1% to 46 cents a share. The company's domestic same-store sales also rose 12.2% in the quarter and 10.5% for the year.

Ross Stores jacked up its dividend by 19%.
Ross Stores jacked up its dividend by 19%.

It pays to sell cheap apparel and accessories in no frills stores, as Ross Stores (ROST) proved yet again in the fourth quarter.

Best Buy lifts dividend by 21%.
Best Buy lifts dividend by 21%.

Best Buy (BBY)  may have disappointed Wall Street with its fourth quarter sales and first quarter outlook, but not its dividend increase. 

The electronics retailer hiked its dividend by a cool 21%.

Big Lots increases dividend by 19%.
Big Lots increases dividend by 19%.

Big Lots (BIG) didn't have a stellar fourth quarter, but it still nicely raised its dividend.

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