Tractor Supply Company (TSCO) to Issue Quarterly Dividend of $0.24 on September 8th

Tractor Supply Company (NASDAQ:TSCO) declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Monday, August 24th will be paid a dividend of 0.24 per share by the specialty retailer on Tuesday, September 8th. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, August 24th.

Tractor Supply has increased 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. Analysts expect Tractor Supply to earn $2.10 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 45.7%.

Tractor Supply Stock Down 0.2%

NASDAQ TSCO opened at $34.98 on Friday. Tractor Supply has a 12 month low of $28.36 and a 12 month high of $62.89. The company has a market capitalization of $18.35 billion, a P/E ratio of 18.22, a PEG ratio of 11.40 and a beta of 0.47. The company’s 50 day simple moving average is $31.82 and its 200 day simple moving average is $38.69. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.33 and a quick ratio of 0.23.

Tractor Supply (NASDAQ:TSCO) last issued its earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The business had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.58 billion. Tractor Supply had a return on equity of 41.74% and a net margin of 6.42%.The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.81 earnings per share. Tractor Supply has set its FY 2026 guidance at 1.900-2.000 EPS. Equities research analysts expect that Tractor Supply will post 1.93 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Edna Morris acquired 1,560 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was purchased at an average cost of $32.44 per share, for a total transaction of $50,606.40. Following the completion of the transaction, the director directly owned 279,720 shares in the company, valued at $9,074,116.80. This trade represents a 0.56% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Harry A. Lawton III acquired 15,600 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was bought at an average price of $32.15 per share, with a total value of $501,540.00. Following the acquisition, the chief executive officer directly owned 15,600 shares of the company’s stock, valued at $501,540. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders acquired 20,310 shares of company stock worth $652,411. 0.64% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TSCO. Garner Asset Management Corp acquired a new position in Tractor Supply in the fourth quarter valued at about $25,000. Elevation Wealth Partners LLC lifted its position in 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 acquiring an additional 727 shares in the last quarter. Reflection Asset Management acquired a new position in Tractor Supply in the 4th quarter worth $26,000. Comprehensive Financial Planning Inc. PA acquired a new position in Tractor Supply in the 2nd quarter worth $26,000. Finally, Core Wealth Advisors LLC bought a new position in Tractor Supply during the 4th quarter worth about $27,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

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.