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

Tractor Supply Company (NASDAQ:TSCO) announced a quarterly dividend on Wednesday, November 4th. Investors 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 of this dividend is Monday, November 23rd.

Tractor Supply has increased its dividend by an average of 0.3% annually over the last three years and has raised 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. Equities 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 Trading Up 0.1%

Tractor Supply stock opened at $36.61 on Friday. The firm has a market cap of $19.20 billion, a PE ratio of 19.68, a P/E/G ratio of 3.79 and a beta of 0.49. Tractor Supply has a 12 month low of $28.36 and a 12 month high of $56.94. The stock’s 50 day simple moving average is $33.34 and its two-hundred day simple moving average is $37.97. The company has a current ratio of 1.38, a quick ratio of 0.20 and a debt-to-equity ratio of 0.86.

Tractor Supply (NASDAQ:TSCO) last posted its 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. Tractor Supply had a net margin of 6.13% and a return on equity of 40.05%. The firm had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.82 billion. During the same period in the previous year, the firm earned $0.49 EPS. The business’s quarterly revenue was up 5.1% on a year-over-year basis. Analysts anticipate that Tractor Supply will post 1.95 earnings per share for the current year.

Institutional Trading of Tractor Supply

Large investors have recently made changes to their positions in the company. IFP Advisors Inc lifted its position in shares of Tractor Supply by 423.8% during the second quarter. IFP Advisors Inc now owns 36,280 shares of the specialty retailer’s stock worth $1,147,000 after purchasing an additional 29,354 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Tractor Supply by 71.9% in the second quarter. Tidal Investments LLC now owns 172,799 shares of the specialty retailer’s stock valued at $5,462,000 after purchasing an additional 72,284 shares during the period. TimesSquare Capital Management LLC purchased a new position in shares of Tractor Supply in the second quarter valued at approximately $28,733,000. Nykredit A S acquired a new position in shares of Tractor Supply in the second quarter valued at approximately $6,691,000. Finally, BlackRock Inc. acquired a new position in shares of Tractor Supply in the second quarter valued at approximately $1,500,967,000. 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.