Tractor Supply (NASDAQ:TSCO) Announces $1.10 Quarterly Dividend

Tractor Supply (NASDAQ:TSCO - Get Free Report) declared a quarterly dividend on Thursday, November 7th,RTT News reports. Investors of record on Monday, November 25th will be paid a dividend of 1.10 per share by the specialty retailer on Tuesday, December 10th. This represents a $4.40 annualized dividend and a yield of 1.52%.

Tractor Supply has increased its dividend payment by an average of 40.1% per year over the last three years and has raised its dividend annually for the last 15 consecutive years. Tractor Supply has a dividend payout ratio of 39.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Tractor Supply to earn $11.01 per share next year, which means the company should continue to be able to cover its $4.40 annual dividend with an expected future payout ratio of 40.0%.

Tractor Supply Trading Up 0.1 %

Shares of Tractor Supply stock traded up $0.34 during trading hours on Thursday, hitting $289.29. The company's stock had a trading volume of 1,252,863 shares, compared to its average volume of 1,059,736. The stock has a market cap of $31.21 billion, a price-to-earnings ratio of 28.11, a P/E/G ratio of 3.39 and a beta of 0.82. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.17 and a current ratio of 1.48. Tractor Supply has a twelve month low of $193.60 and a twelve month high of $307.64. The firm has a fifty day moving average of $282.75 and a 200-day moving average of $274.53.

Analyst Ratings Changes

A number of research firms have commented on TSCO. Melius Research started coverage on shares of Tractor Supply in a research report on Monday, September 23rd. They issued a "buy" rating and a $315.00 target price on the stock. JPMorgan Chase & Co. increased their price objective on shares of Tractor Supply from $260.00 to $290.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 16th. Piper Sandler boosted their target price on Tractor Supply from $300.00 to $332.00 and gave the company an "overweight" rating in a research report on Monday, October 14th. Wedbush restated a "neutral" rating and set a $270.00 price target on shares of Tractor Supply in a research report on Friday, October 25th. Finally, Robert W. Baird set a $320.00 target price on Tractor Supply in a research note on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Tractor Supply has an average rating of "Hold" and a consensus target price of $282.82.

Insider Transactions at Tractor Supply

In related news, SVP Matthew L. Rubin sold 540 shares of Tractor Supply stock in a transaction on Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the sale, the senior vice president now directly owns 5,170 shares in the company, valued at $1,356,349.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Matthew L. Rubin sold 540 shares of the firm's stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $262.35, for a total transaction of $141,669.00. Following the transaction, the senior vice president now owns 5,170 shares in the company, valued at $1,356,349.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kurt D. Barton sold 23,532 shares of the business's stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total value of $6,957,000.48. Following the completion of the sale, the chief financial officer now owns 9,683 shares of the company's stock, valued at approximately $2,862,682.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.24% of the company's stock.

About Tractor Supply

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.