Tractor Supply Company (NASDAQ:TSCO) Plans 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 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend 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 raised its dividend annually for the last 16 consecutive years. Tractor Supply has a dividend payout ratio of 41.7% indicating that 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 Performance

NASDAQ:TSCO opened at $36.61 on Friday. The company has a market capitalization of $19.20 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 3.79 and a beta of 0.49. The business has a 50 day moving average of $33.34 and a 200 day moving average of $37.97. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.38 and a quick ratio of 0.20. Tractor Supply has a 1-year low of $28.36 and a 1-year high of $56.94.

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

Institutional Trading of Tractor Supply

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Kesler Norman & Wride LLC increased its position in shares of Tractor Supply by 1.7% in the first quarter. Kesler Norman & Wride LLC now owns 19,771 shares of the specialty retailer’s stock valued at $896,000 after acquiring an additional 328 shares during the period. Parallel Advisors LLC raised its holdings in Tractor Supply by 0.6% in the third quarter. Parallel Advisors LLC now owns 55,171 shares of the specialty retailer’s stock worth $1,726,000 after purchasing an additional 348 shares in the last quarter. Checchi Capital Advisers LLC lifted its position in Tractor Supply by 6.2% during the 1st quarter. Checchi Capital Advisers LLC now owns 6,172 shares of the specialty retailer’s stock valued at $280,000 after acquiring an additional 362 shares during the period. Community Financial Services Group LLC grew its stake in shares of Tractor Supply by 44.0% in the 3rd quarter. Community Financial Services Group LLC now owns 1,202 shares of the specialty retailer’s stock worth $38,000 after buying an additional 367 shares during the last quarter. Finally, J. Safra Sarasin Holding AG grew its holdings in shares of Tractor Supply by 5.5% during the first quarter. J. Safra Sarasin Holding AG now owns 7,605 shares of the specialty retailer’s stock valued at $344,000 after buying an additional 396 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.

About Tractor Supply

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.