Achieving Growth and Investor Rewards: Tractor Supply Flourishes with Strong Performance and Rising Profits
As the day concludes, Tractor Supply (NASDAQ:TSCO) is preparing to distribute a dividend payout of $1.10 per share, resulting in an annualized dividend yield of 1.91%. This payout is exclusive to investors who held the stock before the ex-dividend date on February 23, 2024.
Tractor Supply Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-23 | 4 | $1.1 | 1.91% | 2024-02-06 | 2024-02-26 | 2024-03-12 |
| 2023-11-24 | 4 | $1.03 | 2.07% | 2023-11-09 | 2023-11-27 | 2023-12-12 |
| 2023-08-25 | 4 | $1.03 | 1.84% | 2023-08-10 | 2023-08-28 | 2023-09-12 |
| 2023-05-26 | 4 | $1.03 | 1.69% | 2023-05-11 | 2023-05-30 | 2023-06-13 |
| 2023-02-24 | 4 | $1.03 | 1.77% | 2023-02-08 | 2023-02-27 | 2023-03-14 |
| 2022-11-18 | 4 | $0.92 | 1.74% | 2022-11-03 | 2022-11-21 | 2022-12-06 |
| 2022-08-19 | 4 | $0.92 | 1.93% | 2022-08-04 | 2022-08-22 | 2022-09-07 |
| 2022-05-24 | 4 | $0.92 | 1.86% | 2022-05-11 | 2022-05-25 | 2022-06-08 |
| 2022-02-17 | 4 | $0.92 | 1.78% | 2022-01-27 | 2022-02-21 | 2022-03-08 |
| 2021-11-19 | 4 | $0.52 | 0.96% | 2021-11-04 | 2021-11-22 | 2021-12-08 |
| 2021-08-20 | 4 | $0.52 | 1.12% | 2021-08-05 | 2021-08-23 | 2021-09-08 |
| 2021-05-21 | 4 | $0.52 | 1.07% | 2021-05-06 | 2021-05-24 | 2021-06-08 |
In terms of dividend yield, Tractor Supply finds itself in the middle ground among its industry peers, while Big 5 Sporting Goods (NASDAQ:BGFV) takes the lead with the highest annualized dividend yield at 17.67%.
Analyzing Tractor Supply Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
The company demonstrated a positive dividend growth pattern from 2020 to 2023, with the dividend per share rising from $1.50 to $4.12. This signifies the company's commitment to consistently increasing shareholder dividends.
YoY Earnings Growth For Tractor Supply
The earnings chart illustrates an increase in Tractor Supply's earnings per share, from $6.44 in 2020 to $10.24 in 2023. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.
Recap
This article delves into the recent dividend payout of Tractor Supply and its implications for shareholders. Presently, the company is distributing a dividend of $1.10 per share, leading to an annualized dividend yield of 1.91%.
In terms of dividend yield, Tractor Supply finds itself in the middle ground among its industry peers, while Big 5 Sporting Goods takes the lead with the highest annualized dividend yield at 17.67%.
Considering the increase in dividend per share from 2020 to 2023 along with an increase in earnings per share, Tractor Supply appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.
To remain updated on any changes in financials or dividend disbursements, investors should closely observe the company's performance in the coming quarters.
[Click here](https://www.benzinga.com/stock//dividends) to find details on Tractor Supply's previous dividends.
To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.