Tractor Supply Company to Issue Quarterly Dividend of $0.23 (NASDAQ:TSCO)

Tractor Supply Company (NASDAQ:TSCO) declared a quarterly dividend on Wednesday, November 5th. Stockholders of record on Monday, November 24th will be given a dividend of 0.23 per share by the specialty retailer on Tuesday, December 9th. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Monday, November 24th.

Tractor Supply has increased its dividend payment by an average of 0.3%per year over the last three years and has increased its dividend every year for the last 16 years. Tractor Supply has a dividend payout ratio of 40.0% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Tractor Supply stock opened at $53.92 on Thursday. The stock has a fifty day moving average of $57.03 and a 200-day moving average of $55.33. Tractor Supply has a 52 week low of $46.85 and a 52 week high of $63.99. The stock has a market capitalization of $28.57 billion, a P/E ratio of 25.92, a price-to-earnings-growth ratio of 2.86 and a beta of 0.70. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.14 and a current ratio of 1.30.

Tractor Supply (NASDAQ:TSCO) last released its quarterly earnings results on Thursday, October 23rd. The specialty retailer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Tractor Supply had a return on equity of 46.18% and a net margin of 7.18%.The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the previous year, the company posted $0.45 EPS. The business’s revenue was up 7.2% on a year-over-year basis. Tractor Supply has set its FY 2025 guidance at 2.060-2.130 EPS. On average, sell-side analysts expect that Tractor Supply will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Company Profile

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.