Tractor Supply Company (NASDAQ:TSCO) Declares $0.23 Quarterly Dividend

Key Points

• Tractor Supply Company has declared a quarterly dividend of $0.23 per share, with payment scheduled for September 9th to stockholders of record on August 25th.
• The company's payout ratio is 40.0%, indicating sustainable earnings coverage for its $0.92 annual dividend.
• Tractor Supply reported a quarterly earnings per share (EPS) of $0.81, exceeding consensus estimates and reflecting a 4.5% year-over-year revenue increase.

Tractor Supply Company (NASDAQ:TSCO - Get Free Report) announced a quarterly dividend on Thursday, August 7th, RTT News reports. Stockholders of record on Monday, August 25th will be paid a dividend of 0.23 per share by the specialty retailer on Tuesday, September 9th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%.

Tractor Supply has a payout ratio of 40.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Tractor Supply to earn $2.41 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 38.2%.

Tractor Supply Trading Down 0.0%

TSCO traded down $0.02 during trading hours on Thursday, reaching $60.24. The company's stock had a trading volume of 109,645 shares, compared to its average volume of 5,633,184. The business's 50-day moving average is $54.58 and its 200-day moving average is $53.65. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.28 and a quick ratio of 0.16. The stock has a market cap of $31.94 billion, a PE ratio of 29.66, a P/E/G ratio of 3.07 and a beta of 0.75. Tractor Supply has a fifty-two week low of $46.85 and a fifty-two week high of $63.99.

Tractor Supply (NASDAQ:TSCO - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $0.81 EPS for the quarter, topping the consensus estimate of $0.80 by $0.01. The business had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.40 billion. Tractor Supply had a return on equity of 46.83% and a net margin of 7.18%. The company's quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the business posted $3.93 earnings per share. As a group, equities research analysts predict that Tractor Supply will post 2.17 earnings per share for the current fiscal year.

Tractor Supply Company Profile

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.

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