Tractor Supply Company (TSCO) to Distribute Quarterly Dividend of $0.24 on December 8th

Tractor Supply Company (NASDAQ:TSCO) announced a quarterly dividend on Wednesday, November 4th. Shareholders of record on Monday, November 23rd will be given a dividend of $0.24 per share by the specialty retailer on Tuesday, December 8th. This represents a $0.96 annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, November 23rd.

Tractor Supply has raised its dividend payment 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 dividend payout ratio of 41.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Tractor Supply to earn $2.05 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 46.8%.

Tractor Supply Stock Up 0.1%

TSCO stock opened at $36.61 on Friday. Tractor Supply has a twelve month low of $28.36 and a twelve month high of $56.94. The company has a quick ratio of 0.20, a current ratio of 1.38 and a debt-to-equity ratio of 0.86. The stock has a market cap of $19.20 billion, a P/E ratio of 19.68, a PEG ratio of 3.79 and a beta of 0.49. The business’s 50-day moving average price is $33.34 and its 200-day moving average price is $37.97.

Tractor Supply (NASDAQ:TSCO) last issued its quarterly earnings results on Thursday, October 22nd. The specialty retailer reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.02. The business had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.82 billion. Tractor Supply had a net margin of 6.13% and a return on equity of 40.05%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.49 earnings per share. On average, equities research analysts forecast that Tractor Supply will post 1.95 EPS for the current year.

Institutional Investors Weigh In On Tractor Supply

Several hedge funds and other institutional investors have recently modified their holdings of TSCO. Elevation Wealth Partners LLC grew its stake in shares of Tractor Supply by 1,253.4% in the 2nd quarter. Elevation Wealth Partners LLC now owns 785 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 727 shares during the last quarter. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Tractor Supply during the second quarter worth approximately $26,000. Community Financial Services Group LLC raised its stake in shares of Tractor Supply by 3,240.0% during the second quarter. Community Financial Services Group LLC now owns 835 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 810 shares during the last quarter. Bullseye Investment Management LLC acquired a new stake in shares of Tractor Supply during the second quarter worth $31,000. Finally, Pingora Partners LLC acquired a new stake in shares of Tractor Supply during the second quarter worth $32,000. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Tractor Supply Company Profile

Tractor Supply Company (NASDAQ:TSCO) is a specialty retailer serving the needs of farmers, ranchers, hobby farmers, pet owners, gardeners and other rural lifestyle customers. The company operates under the Tractor Supply banner and focuses on products that support everyday rural living, land maintenance and animal care.

Its merchandise includes livestock and pet feed, animal health and care products, fencing, hardware, tools, power equipment, lawn and garden supplies, work clothing, footwear, automotive products and seasonal goods.