Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Tractor Supply to Split Stock 2-for-1

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Farm and ranch store chain Tractor Supply  (NASDAQ: TSCO  )  announced today that it's splitting its stock 2-for-1 on September 26 for holders of record on September 18.

Investors will receive an additional share for each one they own on the record date of the stock split. The market price of each share will adjust to the split and individual investors will end up owning roughly the same dollar amount of stock after the split as they owned before it.

Noting the move represents the fourth 2-for-1 stock split since 2002, Tractor Supply Executive Chairman Jim Wright said, "We are very pleased to announce the two-for-one split of the Company's common stock. This action is the result of our strong operating results and stock price performance, and reflects the confidence that the Board and management have in our long-term business strategy and our ability to continue returning value to our shareholders."

The rationale for the split is to make the stock more affordable for investors. It closed trading today at $123.78 per share. It's also intended to increase the liquidity and accessibility of the stock.

Headquartered in Brentwood, Tenn., Tractor Supply operates 1,223 stores in 46 states.

Read/Post Comments (0) | Recommend This Article (5)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2616668, ~/Articles/ArticleHandler.aspx, 11/30/2015 8:57:04 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Rich Duprey

Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time.

Having made the streets safe for Truth, Justice and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. So follow me on Facebook and Twitter for the most important industry news in retail and consumer products and other great stories.


Today's Market

updated 2 days ago Sponsored by:
DOW 17,798.49 -14.90 0.00%
S&P 500 2,090.11 1.24 0.00%
NASD 5,127.53 11.38 0.00%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

11/27/2015 12:59 PM
TSCO $91.41 Up +0.27 +0.00%
Tractor Supply Com… CAPS Rating: ****