Tractor Supply Company (NASDAQ:TSCO) is one of the best next generation dividend aristocrat stocks.
The company continued to deliver solid returns to its shareholders, distributing over $1 billion in fiscal year 2024. This included $472.5 million in dividends and $560.8 million spent on share buybacks. With a dividend payout ratio of around 43%, the company maintains a healthy balance between rewarding investors and preserving capital for future growth.
An equestrian rider proudly leading a horse around a competition course.
In the first quarter of 2025, Tractor Supply Company (NASDAQ:TSCO) returned another $216.4 million to shareholders, $122.4 million through cash dividends and $94 million via the repurchase of approximately 1.7 million shares. These returns were supported by strong cash flow, with the company generating $216.7 million in operating cash during the quarter.
On May 15, Tractor Supply Company (NASDAQ:TSCO) announced a quarterly dividend of $0.23 per share, consistent with the previous payout. It has now increased its dividend for 16 straight years. The stock supports a dividend yield of 1.79%, as of June 14.
Tractor Supply Company (NASDAQ:TSCO) is one of the largest rural lifestyle retailers in the United States. With a legacy spanning over 85 years, the company has remained committed to meeting the needs of hobby farmers, ranchers, homeowners, gardeners, pet lovers, and anyone who embraces the “Life Out Here” way of living.
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