WASHINGTON (dpa-AFX) - Tractor Supply Co.'s (TSCO) board increased the company's quarterly cash dividend 67% to $0.20 per share, up from $0.12 per share in the previous quarter. The dividend would be paid on June 5, 2012, to stockholders of record as of the close of business on May 21, 2012.
Jim Wright, Chairman and Chief Executive, noted, 'The Board's decision to increase the quarterly dividend reflects its continued confidence in Tractor Supply's long-term business plan and future financial prospects. We remain committed to driving profitable growth by continuing to refine and enhance our merchandise assortments and the in-store experience, executing on our strategic gross margin initiatives and expanding the store base approximately 8% annually.'
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