Tractor Supply Company
TSCOConsumer Cyclical · Stock · quarterly payer
Forward Yield
2.97%
Annual Dividend
$0.96
Payout Ratio
49%
5-Yr Growth
25.1%
Ex-Date
Aug 24, 2026
Frequency
Quarterly
Summary
As of September 2026, Tractor Supply Company (TSCO) yields 2.97% ($0.96 per share annually), with a blended fair-value estimate of $33.24 — +3% upside, so it screens as fairly valued. Dividend safety grade: B (79/100). 15 years of dividend growth.
Is TSCO a good dividend stock?
YesTractor Supply Company (TSCO) pays a quarterly dividend yielding 2.97% ($0.96/yr), with 15 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 15 consecutive years of dividend growth
- Never cut its dividend on record
- Comfortable payout ratio (49%)
- Strong 25.1% 5-yr dividend growth
Risks
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 2.97%
- Payout Ratio
- 49%
- Annual Dividend
- $0.96
- 5-Yr Avg Growth
- 25.1%
- Ex-Dividend Date
- Aug 24, 2026
- Years of Growth
- 15
- Frequency
- quarterly
- Beta
- 0.47
- Market Cap
- $16.6B
- P/E Ratio
- 16.6
- 5-Yr Total Return
- -26%
- 52-Week Range
- $28.36 – $59.64
- Dividend Safety
- B · 79/100
- Ever Cut?
- No
Frequently Asked Questions
TSCO Price — Last 12 Months
Daily close
Price Return
1 Year
-40%
3 Years
-16%
5 Years
-26%
52-Week Range
$28.36 – $59.64
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is TSCO worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for Tractor Supply Company is $33.24 per share, versus a market price of $32.21. That implies the stock is roughly fairly priced.
Fair Value
$33.24
Current Price
$32.21
Gap
+3%
Margin of Safety
3%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 12.7% annual free-cash-flow growth. We model 9.6% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.0% discount rate (CAPM), 9.6% stage-1 growth, 2.5% terminal growth, $1.92 EPS, $0.96 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
TSCO Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full TSCO dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 24, 2026 | — | $0.2400 | regular |
| May 27, 2026 | — | $0.2400 | regular |
| Feb 24, 2026 | — | $0.2400 | regular |
| Nov 24, 2025 | — | $0.2300 | regular |
| Aug 25, 2025 | — | $0.2300 | regular |
| May 28, 2025 | — | $0.2300 | regular |
| Feb 26, 2025 | — | $0.2300 | regular |
| Nov 25, 2024 | — | $0.2200 | regular |
| Aug 26, 2024 | — | $0.2200 | regular |
| May 24, 2024 | — | $0.2200 | regular |
| Feb 23, 2024 | — | $0.2200 | regular |
| Nov 24, 2023 | — | $0.2060 | regular |
| Aug 25, 2023 | — | $0.2060 | regular |
| May 26, 2023 | — | $0.2060 | regular |
Income Calculator
At $0.96 / yr per share
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