For the most part, however, investors will need to look beyond tech to find them. For those willing to venture beyond tech to find a good dividend stock, look no further than rural lifestyle retailer Tractor Supply (NASDAQ: TSCO). This sell-off is a great buying opportunity for investors looking to own a market-leading company with a fast-growing dividend.
BRENTWOOD, Tenn., November 30, 2023--Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, announced today that it has raised more than $1 million in support of the Tractor Supply FFA Future Leaders Scholarship. Scholarships are awarded to FFA students pursuing studies in the skilled trades and agriculture-related majors. The scholarship, the largest of its kind, is funded by a five-year, $5 million commitment from the Tractor Supply Foundation.
The hardware-store space is dominated by two brands, Home Depot and Lowe's Companies. It's hard for smaller companies to compete, and yet Tractor Supply (NASDAQ: TSCO) has been doing just that for a long time. Tractor Supply is, at its core, a hardware store.