Tractor Supply Co. (TSCO) said Thursday its board has increased its dividend by $0.04 to $0.92 per share on an annualized basis for fiscal 2025 and approved a quarterly dividend of $0.23 per share, payable March 11 to shareholders of record on Feb. 26.
The company also said its board approved a $1 billion increase to its share buyback plan, which will bring the amount authorized to date under the program to $7.5 billion.
As of Dec. 28, Tractor Supply had bought back 357.4 million shares, adjusted to reflect the effect of stock splits, for about $6.03 billion since the launch of the share buyback plan in 2007, the company said.
TSCO shares were 1.9% higher in early trading.
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