3 Reasons Why Investors Should Consider Adding Tractor Supply Stock to Their Portfolios
Resilience
One of the top things to love about Tractor Supply stock is the resilient nature of its underlying business. Tractor Supply has a proven business model that has been resilient over many business cycles, largely due to its reliance on C.U.E products.
Dividend growth
Unsurprisingly, Tractor Supply's business model has enabled it to consistently pay dividends to investors for years. The company has raised its dividend every year for 14 consecutive years and has a low payout ratio, indicating room for further growth.
A long runway
Tractor Supply's store footprint has significant potential for growth, with plans to expand to around 3,000 stores domestically by 2032. At a reasonable price and with a growing dividend yield, Tractor Supply remains an attractive growth story for investors.
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