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

Key Points

• Tractor Supply declared a quarterly dividend of $0.24 per share, payable September 8 to shareholders of record on August 24. The annualized dividend is $0.96, with a stated yield of 2.8%, and the company has increased its dividend for 16 consecutive years.
• The company’s latest quarterly results slightly missed expectations, with EPS of $0.81 versus the $0.82 consensus and revenue of $4.54 billion versus estimates of $4.58 billion. Revenue nevertheless increased 2.3% year over year, and full-year EPS guidance is $1.90–$2.00.
• Insiders have recently bought shares, including directors Edna Morris and Andre J. Hawaux; insiders purchased 20,310 shares worth $652,411 over the past three months. Institutional investors and hedge funds own 98.72% of the company.

Tractor Supply Company (NASDAQ:TSCO - Get Free Report) declared a quarterly dividend on Thursday, August 6th. Investors of record on Monday, August 24th will be given a dividend of 0.24 per share by the specialty retailer on Tuesday, September 8th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, August 24th.

Tractor Supply has raised its dividend by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 16 consecutive years. Tractor Supply has a dividend payout ratio of 41.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Tractor Supply to earn $2.12 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 45.3%.

Tractor Supply Price Performance

NASDAQ:TSCO traded up $0.68 during midday trading on Thursday, hitting $34.09. 12,528,059 shares of the stock were exchanged, compared to its average volume of 9,870,312. The business has a 50-day moving average price of $30.71 and a two-hundred day moving average price of $40.09. The company has a current ratio of 1.33, a quick ratio of 0.23 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $17.88 billion, a price-to-earnings ratio of 17.76, a P/E/G ratio of 10.77 and a beta of 0.47. Tractor Supply has a one year low of $28.36 and a one year high of $62.89.

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

Insider Transactions at Tractor Supply

In related news, Director Edna Morris purchased 1,560 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The shares were purchased at an average price of $32.44 per share, with a total value of $50,606.40. Following the purchase, the director owned 279,720 shares of the company's stock, valued at $9,074,116.80. This trade represents a 0.56% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Andre J. Hawaux acquired 3,150 shares of the business's stock in a transaction on Monday, August 3rd. The shares were bought at an average price of $31.83 per share, for a total transaction of $100,264.50. Following the acquisition, the director owned 3,150 shares in the company, valued at approximately $100,264.50. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 20,310 shares of company stock valued at $652,411 over the last three months. Company insiders own 0.64% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Capital International Investors lifted its position in shares of Tractor Supply by 3.9% in the 4th quarter. Capital International Investors now owns 24,279,046 shares of the specialty retailer's stock valued at $1,214,390,000 after acquiring an additional 902,659 shares in the last quarter. State Street Corp raised its stake in Tractor Supply by 0.7% during the 4th quarter. State Street Corp now owns 23,051,776 shares of the specialty retailer's stock valued at $1,152,819,000 after purchasing an additional 162,774 shares during the period. Invesco Ltd. lifted its holdings in shares of Tractor Supply by 18.4% in the fourth quarter. Invesco Ltd. now owns 17,433,611 shares of the specialty retailer's stock valued at $871,855,000 after purchasing an additional 2,706,819 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Tractor Supply by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 15,873,514 shares of the specialty retailer's stock valued at $791,703,000 after purchasing an additional 184,457 shares in the last quarter. Finally, Capital World Investors boosted its position in shares of Tractor Supply by 2.3% in the fourth quarter. Capital World Investors now owns 15,157,047 shares of the specialty retailer's stock worth $758,004,000 after buying an additional 336,040 shares during the period. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Tractor Supply Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source