Tractor Supply Company (NASDAQ:TSCO) Increases Dividend to $0.24 Per Share

Tractor Supply Company (NASDAQ:TSCO) declared a quarterly dividend on Tuesday, February 10th. Investors of record on Tuesday, February 24th will be given a dividend of 0.24 per share by the specialty retailer on Tuesday, March 10th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, February 24th. This is a 4.3% increase from Tractor Supply’s previous quarterly dividend of $0.23.

Tractor Supply has increased its dividend payment by an average of 0.3%annually over the last three years and has raised its dividend every year for the last 16 years. Tractor Supply has a dividend payout ratio of 40.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Tractor Supply to earn $2.41 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 38.2%.

Tractor Supply Stock Performance

Shares of NASDAQ TSCO opened at $54.53 on Thursday. The company has a market cap of $28.81 billion, a P/E ratio of 26.34, a P/E/G ratio of 2.71 and a beta of 0.74. Tractor Supply has a 52-week low of $46.85 and a 52-week high of $63.99. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.16 and a current ratio of 1.34. The firm’s fifty day moving average is $52.34 and its two-hundred day moving average is $55.47.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings data on Thursday, January 29th. The specialty retailer reported $0.43 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.03). Tractor Supply had a net margin of 7.06% and a return on equity of 44.36%. The company had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $4.03 billion. During the same period last year, the company earned $0.44 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, analysts anticipate that Tractor Supply will post 2.17 EPS for the current fiscal year.

Tractor Supply Company Profile

Tractor Supply Company (NASDAQ: TSCO) is a specialty retailer focused on products for the home, farm, ranch and outdoors. The company operates a network of physical retail locations complemented by an e-commerce platform, offering a one-stop source of supplies and equipment for customers with rural and suburban lifestyles. Its merchandise assortment targets a range of needs, from animal and livestock care to maintenance, outdoor power equipment, and seasonal products.

Product categories include animal feed and supplies, pet products, fencing and fencing supplies, equine equipment, lawn and garden tools, work clothing and footwear, and small agricultural and outdoor power equipment.