Tractor Supply Company (TSCO) To Go Ex-Dividend on May 27th

Tractor Supply Company (NASDAQ:TSCO) announced a quarterly dividend on Wednesday, May 13th. Shareholders of record on Wednesday, May 27th will be given a dividend of 0.24 per share by the specialty retailer on Tuesday, June 9th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, May 27th.

Tractor Supply has raised its dividend payment by an average of 0.3%per year over the last three years and has increased its dividend every year for the last 16 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 $2.35 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 40.9%.

Tractor Supply Stock Performance

Tractor Supply stock opened at $31.62 on Monday. The company has a current ratio of 1.38, a quick ratio of 0.16 and a debt-to-equity ratio of 0.86. The business’s fifty day simple moving average is $40.13 and its two-hundred day simple moving average is $48.29. Tractor Supply has a 12 month low of $29.42 and a 12 month high of $63.99. The company has a market capitalization of $16.58 billion, a price-to-earnings ratio of 15.50, a price-to-earnings-growth ratio of 1.82 and a beta of 0.51.

Tractor Supply (NASDAQ:TSCO) last released its earnings results on Tuesday, April 21st. The specialty retailer reported $0.31 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.04). Tractor Supply had a return on equity of 42.58% and a net margin of 6.91%.The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same period last year, the firm posted $0.34 earnings per share. The company’s revenue was up 3.6% compared to the same quarter last year. Tractor Supply has set its FY 2026 guidance at 2.130-2.230 EPS. As a group, equities analysts predict that Tractor Supply will post 2.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Swedbank AB increased its position in Tractor Supply by 3.3% in the fourth quarter. Swedbank AB now owns 1,129,182 shares of the specialty retailer’s stock worth $56,470,000 after buying an additional 36,495 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Tractor Supply by 4.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,103,395 shares of the specialty retailer’s stock worth $56,086,000 after buying an additional 46,010 shares in the last quarter. Wellington Management Group LLP increased its position in Tractor Supply by 1.6% in the third quarter. Wellington Management Group LLP now owns 25,931,699 shares of the specialty retailer’s stock worth $1,474,736,000 after buying an additional 420,731 shares in the last quarter. Speece Thorson Capital Group Inc. increased its position in Tractor Supply by 22.0% in the fourth quarter. Speece Thorson Capital Group Inc. now owns 307,359 shares of the specialty retailer’s stock worth $15,371,000 after buying an additional 55,493 shares in the last quarter. Finally, First National Bank of Omaha purchased a new stake in Tractor Supply in the third quarter worth about $5,069,000. 98.72% of the stock is owned by institutional investors.

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.