Tractor Supply (NASDAQ: TSCO) declared a quarterly dividend of $0.52 per share, or $2.08 annualized. This is a 30% increase from the prior dividend of $0.40.

The dividend will be payable on March 9, 2021, to stockholders of record on February 22, 2021, with an ex-dividend date of February 19, 2021.

The annual yield on the dividend is 1.4 percent.

“We are incredibly proud of all the Tractor Supply team achieved in 2020 including record sales and operating performance for the year. My thanks and appreciation go out to the team for their support of each other, our customers and our longstanding commitment to the rural lifestyle. Our team remained agile in a challenging operating environment as we experienced unprecedented demand and welcomed a record number of new and reengaged customers to Tractor Supply,” said Hal Lawton, Tractor Supply’s President and Chief Executive Officer. “The team has done an exemplary job operating the business at elevated rates in the midst of a global pandemic, all while laying the foundation for our Life Out Here Strategy. Going forward, we believe our resilient business model with a differentiated and loyal customer base, our strategic investments to capture growth opportunities and the strength of our balance sheet position us to capitalize on the momentum in our business in 2021 and beyond.”

Lawton continued, “The 30% increase in our quarterly dividend by the Board of Directors and our recently resumed share repurchase program reflect our strong earnings performance and robust cash flows in 2020 and confidence in our business, as well as our ongoing commitment to total shareholder return.”

For a dividend history and other dividend-related data on Tractor Supply (TSCO) click here.