Tractor Supply Company Announces 12.5% Dividend Increase

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
63
Tractor Supply Company Announces 12.5% Dividend Increase

BRENTWOOD, TN --(Marketwired - May 09, 2017) - Tractor Supply Company ( NASDAQ : TSCO ), the largest rural lifestyle retail store chain in the United States, today announced that its Board of Directors increased the Company's quarterly cash dividend 12.5% to $0.27 per share of the Company's common stock, up from the previous $0.24 per share.

The dividend will be paid on June 6, 2017, to stockholders of record as of the close of business on May 22, 2017.

Cynthia Jamison, Tractor Supply Company's Chairman of the Board, commented, "We are pleased to announce the Board's decision to increase Tractor Supply's quarterly cash dividend for the seventh consecutive year. The decision to increase the dividend by 12.5%, along with the Board's decision in October of last year to authorize a $1 billion increase in the Company's share repurchase program, is intended to return cash to shareholders while continuing to invest in growth. The Board continues to have confidence in Tractor Supply's ability to execute its long-term business plan and deliver sustainable cash flow and long-term growth."

About Tractor Supply Company

Founded in 1938, Tractor Supply Company is the largest rural lifestyle retail store chain in the United States. At April 1, 2017, the Company operated 1,617 Tractor Supply stores in 49 states and an e-commerce website at www.tractorsupply.com . Tractor Supply stores are focused on supplying the lifestyle needs of recreational farmers and ranchers and others who enjoy the rural lifestyle, as well as tradesmen and small businesses. Stores are located primarily in towns outlying major metropolitan markets and in rural communities. The Company offers the following comprehensive selection of merchandise: (1) equine, livestock, pet and small animal products, including items necessary for their health, care, growth and containment; (2) hardware, truck, towing and tool products; (3) seasonal products, including heating, lawn and garden items, power equipment, gifts and toys; (4) work/recreational clothing and footwear; and (5) maintenance products for agricultural and rural use.

Tractor Supply Company also owns and operates Petsense, a small-box pet specialty supply retailer focused on meeting the needs of pet owners, primarily in small and mid-size communities, and offering a variety of pet products and services. At April 1, 2017, the Company operated 152 Petsense stores in 26 states. For more information on Petsense, visit www.petsense.com .

Forward Looking Statements

As with any business, all phases of the Company's operations are subject to influences outside its control. This information contains certain forward-looking statements, including statements regarding the Company's ability to execute its business plan and deliver sustainable cash flow and growth. These forward-looking statements are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and may be affected by certain risks and uncertainties, any one, or a combination, of which could materially affect the results of the Company's operations. These factors include, without limitation, general economic conditions affecting consumer spending, the timing and acceptance of new products in the stores, the timing and mix of goods sold, purchase price volatility (including inflationary and deflationary pressures), the ability to increase sales at existing stores, the ability to manage growth and identify suitable locations, failure of an acquisition to produce anticipated results, the ability to successfully manage expenses and execute our key gross margin enhancing initiatives, the availability of favorable credit sources, capital market conditions in general, the ability to open new stores in the manner and number currently contemplated, the impact of new stores on our business, competition, weather conditions, the seasonal nature of our business, effective merchandising initiatives and marketing emphasis, the ability to retain vendors, reliance on foreign suppliers, the ability to attract, train and retain qualified employees, product liability and other claims, changes in federal, state or local regulations, potential judgments, fines, legal fees and other costs, breach of information systems or theft of customer data, ongoing and potential future legal or regulatory proceedings, management of our information systems, failure to develop and implement new technologies, the failure of customer-facing technology systems, business disruption including from the implementation of supply chain technologies, effective tax rate changes and results of examination by taxing authorities, the ability to maintain an effective system of internal control over financial reporting, changes in accounting standards, assumptions and estimates. Forward-looking statements made by or on behalf of the Company are based on knowledge of its business and the environment in which it operates, but because of the factors listed above, actual results could differ materially from those reflected by any forward-looking statements. Consequently, all of the forward-looking statements made are qualified by these cautionary statements and those contained in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. There can be no assurance that the results or developments anticipated by the Company will be realized or, even if substantially realized, that they will have the expected consequences to or effects on the Company or its business and operations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not undertake any obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Kurt D. Barton Chief Financial Officer Christine Skold Vice President, Investor Relations and Corporate Communications (615) 440-4000 Investors: John Rouleau/Rachel Schacter Media: Alecia Pulman/Brittany Rae Fraser ICR (203) 682-8200

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Aviation Expo Draws Crowds, Revitalizing Future Pilots

Updated Category News Views 98

Youth Flock to Aviation's Future at Rider Jet Center On a crisp November day in Hagerstown, Maryland, the Rider Jet Center became a hive of ambition and dreams as the 20th Aviation Education & Career Expo unfolded. The whole shebang kicked off like an airport on a holiday weekend, bustling and packed. Over 1,100 students—full of questions, hopes, and the typical teen...

Continue Reading
Surfshark's No-Logs Policy Gets KPMG Backing

Updated Category News Views 104

Surfshark's Commitment to Privacy Pardon my grizzled voice, but in today's world, where digital privacy often feels like a myth, having a VPN that sticks to its guns about not keeping logs is rare enough to make you look twice. Well, here comes Surfshark, loudly touting yet another seal of approval from one of the Big Four—KPMG. Not the first time for these folks, but...

Continue Reading
CVRx Faces Legal Storm: Investors Grapple with Fallout

Updated Category News Views 25

CVRx in the Crosshairs: Legal and Operational Woes There's a storm brewing over at CVRx, Inc. (NASDAQ: CVRX), and it's pulling investors down a hell of a financial rabbit hole. You might think you're in the clear with a company like CVRx that boasts approved devices, but think again. Recent revelations have shown that even those with FDA stamps aren't immune to the...

Continue Reading
SDI Presence Marks 30 Years with Top Workplace Honor

Updated Category News Views 0

30 Years of Innovation and Recognition If you've been around the block like I have, you know that anniversaries in the corporate world are more than just cake and confetti. For SDI Presence, hitting their 30th year alongside a ninth consecutive Chicago Tribune Top Workplaces recognition smacks of substance and staying power. These folks aren’t just resting on their...

Continue Reading
Cangzhou's Bold Bid: Inviting Global Media to Witness Growth

Updated Category News Views 78

From Cultural Riches to Industrial Powerhouse Ever been to Cangzhou? No? Well, the folks there want to change that narrative pronto. This coastal gem in northern China is throwing open its doors to the global media with a big ol’ invitation to see, explore, and spread the word about what makes this city tick. Part of the Seventh World Media Summit held in Beijing, this...

Continue Reading
Dana-Farber Integrates IconPCR for Precise cfDNA Sequencing

Updated Category News Views 9

Innovating Precision in cfDNA Sequencing One day you're trudging along old paths, and the next, technology throws you a curveball that's too critical to ignore. That's the scene at Dana-Farber Cancer Institute with their latest lab upgrade. They've bent the knee to integrate n6's iconPCR system into their toolkit for liquid biopsy research—a move that's caught my...

Continue Reading
Chicken Salad Chick Expands in PA with Collegeville Launch

Updated Category News Views 140

Chicken Salad Chick Expands Further into Pennsylvania Hot off the grill! If you're in Pennsylvania, especially around Collegeville, you might want to perk up. Chicken Salad Chick, that quirky Southern-style restaurant chain that's all about—you guessed it—chicken salad, is doubling down on its presence in the state. Come November 18, chicken enthusiasts can graze on...

Continue Reading
Robbins LLP Calls Everest Investors for Class Action

Updated Category News Views 37

Everest Group's Legal Storm: A Call to Action Jumping straight into the proverbial storm, Everest Group, Ltd. (NYSE:EG) is snagged in a mess of their own creation, leaving investors holding the short end of the stick. This class action suits up post-haste, citing a cocktail of mismanagement and downright dodgy disclosures regarding their U.S. casualty insurance gambit....

Continue Reading
Lab Consumables Market Booms: Expected $25.5B by 2031

Updated Category News Views 42

Spotlight on Lab Consumables Growth In a world where research and development are the lifelines of innovation, the lab consumables market is stepping into the limelight. The latest projections from MarketsandMarkets™ forecast that this market is expected to be worth a staggering $25.5 billion by 2031, climbing up from $17.3 billion in 2026. With an impressive compound...

Continue Reading
TruGreen Finds New Growth in Birch Hill Acquisition

Updated Category News Views 90

TruGreen's New Chapter Begins In the world of lawn care, TruGreen is sowing the seeds for a revitalized future, courtesy of its recent acquisition by Birch Hill Equity Partners. Based out of Franklin, Tennessee, this powerhouse in the green arena is set to start a fresh chapter, swapping partners like old gloves after a long, 19-year stint with Clayton, Dubilier & Rice...

Continue Reading

Top 5 Most Recently Viewed Articles

Fosun International Shines in S&P Global's 2025 Sustainability Yearbook

Updated Category News Views 356

Fosun International's Recognition in Sustainability Yearbook 2025 Fosun International Limited (HKEX Stock Code: 00656, 'Fosun International') has once again demonstrated its commitment to sustainability by being included in the S&P Global's Sustainability Yearbook 2025. This recognition, marking the second consecutive year, highlights the company's rigorous dedication to...

Continue Reading
AGP Prime Welcomes Tom Costello as New Business Director

Updated Category News Views 531

AGP Prime Welcomes Tom Costello as New Business Director AGP Prime, the prime brokerage services division of A.G.P. / Alliance Global Partners, is thrilled to announce the recent appointment of Tom Costello as the new Director of Business Operations and Trading. Operating from Florida, Tom brings a wealth of experience and knowledge to the team, which is pivotal for the...

Continue Reading
Titan America Launches Initial Public Offering Roadshow

Updated Category News Views 250

Titan America Begins Roadshow for Initial Public Offering Titan America SA, the American arm of Titan Cement International SA, has embarked on an ambitious journey to make a significant stride in the investment landscape with its initial public offering (IPO). Launching a roadshow, Titan America plans to issue 24 million common shares, which includes both new and existing...

Continue Reading
Innovative Engineering Solutions from Bowmo and Digital Tails Group

Updated Category News Views 210

Revolutionizing Industries with Cutting-Edge Engineering Solutions Bowmo, Inc. (OTC: BOMO), a prominent player in the AI and XR/VR technology landscape, is making significant strides in various sectors. The firm, based in New York, has recently joined forces with Digital Tails Group (DTG) to unveil a range of advanced engineering and industrial automation solutions...

Continue Reading
Ocean Power Technologies Reports Strong Q1 2026 Performance

Updated Category News Views 235

Ocean Power Technologies Reports Record Results for Fiscal Q1 2026 Backlog and Pipeline Growth Signals Bright Future Recently, Ocean Power Technologies, Inc. (NYSE: OPTT), a leader in renewable energy solutions for maritime operations, shared impressive financial results for the first quarter of its fiscal year 2026. The Company reported a remarkable increase in its...

Continue Reading