|USD per share|
Tractor Supply paid a total dividend of 126 million USD last year, for a market capitalization of 9,035 millions. Dividend per share of Tractor Supply is 0.96 USD, and his stock market price 68.97 USD.
According to the chart below, where dividend yield is displayed, Tractor Supply has a dividend yield of 1.39%, lower than the amount offered by both the market average and companies from USA. It is also lower than average of Consumer Services industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...
About the ability of Tractor Supply to maintain his current dividend of USD 0.96 per share, an amount that accounts for 1.39%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Tractor Supply payout on ernings is currently 28.83%, which is lower than the market average and companies of Consumer Services industry, which are 39.68% and 39.75% respectively. Both figures lead us to believe that there is confidence that Tractor Supplycan maintain his current dividend.
The payout on earnings should be complemented with the payout on cash flow since it is this latter amount the one which can be distributed to shareholders. Cash flow per share of Tractor Supply is USD 4.86 per share, which is higher than the dividend per share paid by the company of USD 0.96, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Tractor Supply, compared againt world market average, USA companies, Consumer Services industry and General Retailers sector companies. You might also need to check full financial report of Tractor Supply.
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