Tractor Supply Company (NASDAQ:TSCO – Get Free Report) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Monday, August 24th will be paid a dividend of 0.24 per share by the specialty retailer on Tuesday, September 8th. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date is Monday, August 24th.
Tractor Supply has raised its dividend by an average of 0.3%per year over the last three years and has increased its dividend annually for the last 16 consecutive years. Tractor Supply has a payout ratio of 41.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Tractor Supply to earn $2.12 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 45.3%.
Tractor Supply Price Performance
Tractor Supply stock opened at $34.09 on Friday. The stock has a market capitalization of $17.88 billion, a P/E ratio of 17.76, a P/E/G ratio of 10.87 and a beta of 0.47. Tractor Supply has a 12-month low of $28.36 and a 12-month high of $62.89. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.33 and a quick ratio of 0.23. The firm’s 50-day moving average is $30.77 and its two-hundred day moving average is $39.97.
About Tractor Supply
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.
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