Tractor Supply Company (NASDAQ:TSCO) Declares Quarterly Dividend of $0.24

Tractor Supply Company (NASDAQ:TSCO) announced a quarterly dividend on Tuesday, February 10th. Shareholders of record on Tuesday, February 24th will be paid 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 is Tuesday, February 24th. This is a 4.3% increase from Tractor Supply’s previous quarterly dividend of $0.23.

Tractor Supply has raised its dividend by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 16 consecutive years. Tractor Supply has a 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

Tractor Supply stock opened at $54.53 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.34 and a quick ratio of 0.16. Tractor Supply has a 12 month low of $46.85 and a 12 month high of $63.99. The company has a fifty day moving average price of $52.34 and a two-hundred day moving average price of $55.47. The company has a market cap of $28.81 billion, a PE ratio of 26.34, a P/E/G ratio of 2.71 and a beta of 0.74.

Tractor Supply (NASDAQ:TSCO) last announced its quarterly earnings results on Thursday, January 29th. The specialty retailer reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.03). The company had revenue of $3.90 billion for the quarter, compared to analyst estimates of $4.03 billion. Tractor Supply had a return on equity of 44.36% and a net margin of 7.06%.The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 earnings per share. Research analysts expect that Tractor Supply will post 2.17 earnings per share for the current 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.