BRENTWOOD, Tenn. — Tractor Supply Company, the largest retail farm and ranch store chain in the United States, has announced that its board increased the company's quarterly cash dividend 30% to $0.26 per share.
"We are pleased to announce the board's decision to increase our quarterly cash dividend for the third consecutive year. Our dividend program, initiated in 2010, is a key component of our balanced capital allocation strategy, combined with capital investments and share repurchases. These programs are designed to drive shareholder value. This 30% dividend increase reflects our board's continued confidence in the Tractor Supply business model and our team's ability to execute the company's long-term growth strategy," said president and CEO Greg Sandfort.
Tractor Supply Company operates 1,197 stores in 45 states. The company's stores are focused on supplying the lifestyle needs of recreati