Tractor Supply Company (TSCO) is an American retail chain of stores that offers products for home improvement, agriculture, lawn and garden maintenance, and livestock, equine, and pet care. It is a Fortune 500 company headquartered in Brentwood, Tennessee.
In recent years, Tractor Supply Company has been growing rapidly. In fact, between fiscal years 2013 and 2017, the company’s revenue increased from $5.4 billion to $10.2 billion. This growth has been driven by a combination of factors, including an increase in the number of stores, same-store sales growth, and acquisitions.
One thing that has not changed is the company’s dividend policy. Tractor Supply has paid quarterly dividends since going public in 1994 and has increased its dividend for 14 consecutive years. The company currently has a dividend yield of 2.1%.
With the stock price up more than 50% over the past year, some investors are wondering if a stock split might be on the horizon. A stock split is when a company splits its shares into multiple pieces. For example, if Tractor Supply were to do a 2-for-1 stock split, shareholders would receive two shares for every one share they own.
The main reason companies split their stock is to make it more affordable for a wider range of investors. When a company’s stock price gets too high, it can become prohibitively expensive for some investors to buy even just one share. By splitting the stock, companies can make it more accessible to a larger number of potential investors.
There is no set price at which companies decide to split their stock. However, it’s not uncommon for stocks that trade for $100 or more per share to be split.
Is Tractor Supply Company’s stock going to split? There’s no way to know for sure, but it’s certainly possible given the recent run-up in the stock price. If the company does decide to split its shares, it would likely be to make them more affordable for a wider range of investors.