Tractor Supply is a retail company that specializes in selling products for home improvement, agriculture, lawn and garden maintenance, and livestock and pet care. It is headquartered in Brentwood, Tennessee and was founded in 1938. The company operates over 1,700 stores in 49 states.
Tractor Supply pays a quarterly dividend to shareholders. The dividend is paid on the first of the month following the quarter end.
For example, if the quarter ends on March 31st, the dividend will be paid on April 1st. Shareholders who owned the stock on the ex-dividend date are eligible to receive the dividend.
The amount of the dividend is determined by the Board of Directors and is usually a percentage of earnings or a fixed amount. Tractor Supply has increased its dividend for 10 consecutive years. In 2019, the dividend was $0.66 per share.
Tractor Supply has a Dividend Reinvestment Plan (DRIP) that allows shareholders to automatically reinvest their dividends in additional shares of stock. There is no fee to participate in the DRIP and there is no minimum investment required.
Does Tractor Supply pay a dividend? Yes, Tractor Supply pays a quarterly dividend to shareholders with 10 consecutive years of increases. The 2019 dividend was $0.
