Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTSushree MohantyThu, June 11, 2026 at 1:30 AM GMT+2 3 min readDividend stocks are a favorite among investors seeking passive income. While high yields often attract income-seeking investors, the best dividend stocks are the ones that consistently increase their payouts year after year. Two retailers that have recently boosted their dividends by 13% are TJX Companies (TJX) and Costco Wholesale (COST). Consumer or retail stocks often miss the limelight that tech stocks get, but these companies have a strong track record of weathering economic cycles and generating consistent returns. Rising dividends often signal management's confidence in future cash flows and business performance.Here’s why these two dividend stocks deserve a spot in your portfolio.More News from BarchartAmid an Ugly Tech Selloff, Nvidia Director Mark Stevens Ditched 1 Million SharesCisco Is Up 61% in 2026. It’s One of 3 Dividend Stocks Quietly Riding the AI Boom.Waymo Is Doubling Down on Self-Driving Car Ambitions. What That Means for GOOGL Stock.Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now!TJX Companies, the world's largest off-price retailer, is one such consumer stock that has been a reliable dividend stock. It operates well-known chains including T.J. Maxx, Marshalls, HomeGoods, Homesense, Sierra, and more. In March, the firm hiked its quarterly dividend by 13% to $0.48 per share. TJX's 29-year record of uninterrupted dividend increases has earned it the title of “Dividend Aristocrat.” TJX stock offers a forward yield of 1.2% with a reasonable payout ratio of 33.56%.While e-commerce is a growing trend now, TJX's competitive edge stems from its ability to source branded merchandise at attractive prices and rotate inventory frequently, encouraging customers to visit stores often. The recent dividend hike reflects management's confidence in TJX's ability to generate consistent profits despite ongoing economic uncertainty. Comparable sales increased 6% in the first quarter of fiscal 2027, while EPS climbed 29% year-over-year (YOY) to $1.19.In Q1 alone, TJX paid out $1.1 billion to shareholders through a combination of share repurchases and dividends. Management even raised full-year guidance, now expecting a close to 5% increase in revenue and an 8% increase in earnings. While the yield may not be high, the combination of stable earnings growth and a proven business model with consistent dividend hikes creates an attractive foundation for future dividend increases.Terms and Privacy PolicyPrivacy & Cookie SettingsMore Info