|Bid||222.00 x 1300|
|Ask||233.00 x 800|
|Day's Range||228.39 - 232.34|
|52 Week Range||166.49 - 241.54|
|Beta (5Y Monthly)||0.89|
|PE Ratio (TTM)||23.54|
|Earnings Date||Apr 19, 2023 - Apr 24, 2023|
|Forward Dividend & Yield||3.68 (1.60%)|
|Ex-Dividend Date||Nov 18, 2022|
|1y Target Est||246.21|
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The rural lifestyle retail company Tractor Supply (NASDAQ: TSCO) fits this profile to a T in my opinion. Let's dig into the company's fundamentals and valuation to better understand what makes it such a compelling buy for dividend growth investors. This suggests that there will be a significant rise in demand for rural lifestyle products.
Tractor Supply (NASDAQ: TSCO) is one of the primary beneficiaries. The rural-lifestyle retailer just reported blowout third-quarter earnings. Although its 10-year track record of reporting double-digit e-commerce sales growth was broken earlier this fiscal year, online sales continue to expand and remain a key component of Tractor Supply's long-term strategy to reach new markets and customers. It took Tractor Supply 72 years to open 1,000 stores, then just 10 years to open its next 1,000 locations.