Tractor Supply ups quarterly dividend, announces $1B share repurchase increase

Tractor Supply (TSCO) announced that its board of directors has increased its dividend by 4c, or 4.5% year-over-year, to 92c per share on an annualized basis for fiscal year 2025. In accordance with this increase, the board of directors declared a quarterly cash dividend of 23c per share of the company’s common stock. In addition, Tractor Supply announced that its board of directors authorized a $1B increase to its existing share repurchase program, bringing the total amount authorized to date under the program to $7.5B. As of December 28, 2024, the company had repurchased 357.4M shares of its common stock for approximately $6.03B since the inception of its share repurchase program in 2007. The dividend will be paid on March 11 to stockholders of record of the company’s common stock as of the close of business on February 26.