Tractor Supply (TSCO) Declares $1.03 Dividend

Tractor Supply said on May 11, 2023 that its board of directors declared a regular quarterly dividend of $1.03 per share ($4.12 annualized). Previously, the company paid $1.03 per share.

Shares must be purchased before the ex-div date of May 26, 2023 to qualify for the dividend. Shareholders of record as of May 30, 2023 will receive the payment on June 13, 2023.

At the current share price of $241.82 / share, the stock's dividend yield is 1.70%.

Looking back five years and taking a sample every week, the average dividend yield has been 1.38%, the lowest has been 0.87%, and the highest has been 2.08%. The standard deviation of yields is 0.30 (n=236).

The current dividend yield is 1.08 standard deviations above the historical average.

Additionally, the company's dividend payout ratio is 0.42. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is 1.94%, demonstrating that it has increased its dividend over time.

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What is the Fund Sentiment?

There are 1840 funds or institutions reporting positions in Tractor Supply. This is an increase of 43 owner(s) or 2.39% in the last quarter. Average portfolio weight of all funds dedicated to TSCO is 0.38%, an increase of 38.47%. Total shares owned by institutions increased in the last three months by 4.09% to 106,614K shares. The put/call ratio of TSCO is 1.45, indicating a bearish outlook.

Analyst Price Forecast Suggests 7.43% Upside

As of May 11, 2023, the average one-year price target for Tractor Supply is 259.79. The forecasts range from a low of 226.24 to a high of $294.00. The average price target represents an increase of 7.43% from its latest reported closing price of 241.82.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Tractor Supply is 15,389MM, an increase of 6.28%. The projected annual non-GAAP EPS is 10.69.

What are Other Shareholders Doing?

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,356K shares representing 3.06% ownership of the company. In it's prior filing, the firm reported owning 3,303K shares, representing an increase of 1.55%. The firm increased its portfolio allocation in TSCO by 13.53% over the last quarter.

Jpmorgan Chase holds 2,769K shares representing 2.53% ownership of the company. In it's prior filing, the firm reported owning 2,740K shares, representing an increase of 1.06%. The firm decreased its portfolio allocation in TSCO by 87.89% over the last quarter.

VIMSX - Vanguard Mid-Cap Index Fund Investor Shares holds 2,572K shares representing 2.35% ownership of the company. In it's prior filing, the firm reported owning 2,558K shares, representing an increase of 0.54%. The firm increased its portfolio allocation in TSCO by 11.77% over the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 2,554K shares representing 2.33% ownership of the company. In it's prior filing, the firm reported owning 2,516K shares, representing an increase of 1.46%. The firm increased its portfolio allocation in TSCO by 13.15% over the last quarter.

Geode Capital Management holds 2,358K shares representing 2.15% ownership of the company. In it's prior filing, the firm reported owning 2,287K shares, representing an increase of 3.01%. The firm increased its portfolio allocation in TSCO by 15.38% over the last quarter.

Tractor Supply Background Information
(This description is provided by the company.)

Tractor Supply Company, the largest rural lifestyle retailer in the United States, has been passionate about serving its unique niche, as a one-stop shop for recreational farmers, ranchers and all those who enjoy living the rural lifestyle, for more than 80 years. Tractor Supply offers an extensive mix of products necessary to care for home, land, pets and animals with a focus on product localization, exclusive brands and legendary customer service that addresses the needs of the Out Here lifestyle. With more than 40,000 Team Members, the Company leverages its physical store assets with digital capabilities to offer customers the convenience of purchasing products they need anytime, anywhere and any way they choose at the everyday low prices they deserve. At September 26, 2020, the Company operated 1,904 Tractor Supply stores in 49 states.

This story originally appeared on Fintel.