Tractor Supply: Dividend Insights
Portfolio Pulse from Benzinga Insights
Tractor Supply (NASDAQ:TSCO) announced a quarterly dividend of $1.03 per share, with Thursday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Friday and is expected to open $1.03 lower to reflect the payout. Shareholders owning TSCO by the end of Thursday's session will receive the dividend on December 12, 2023.
November 21, 2023 | 2:45 pm
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Tractor Supply (TSCO) is set to pay a $1.03 quarterly dividend with the ex-dividend date being this Friday. The stock price is expected to open lower by the dividend amount on the ex-dividend date.
The stock price of TSCO is likely to decrease in the short term by the amount of the dividend, as is typical when stocks go ex-dividend. This is a predictable, mechanical adjustment in the stock price to reflect the payout of the dividend. While this does not represent a loss in value for existing shareholders, it may influence the short-term stock price movement negatively.
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IMPORTANCE 75
RELEVANCE 100