Attached files
file | filename |
---|---|
8-K - FORM 8-K DIVIDENDS DECLARED MAY 3, 2010 - TRACTOR SUPPLY CO /DE/ | form8kmay32010.htm |
TRACTOR
SUPPLY COMPANY DECLARES QUARTERLY DIVIDEND
Brentwood, Tennessee, May 3, 2010 –
Tractor Supply Company (NASDAQ: TSCO), the largest retail farm and ranch
store chain in the United States, today announced that its board of directors
declared a quarterly cash dividend of $0.14 per share of the Company’s common
stock.
The
dividend will be paid on June 2, 2010 to stockholders of record as of the close
of business on May 17, 2010.
About Tractor Supply
Company
At March
27, 2010, Tractor Supply Company operated 948 stores in 44
states. The Company’s stores are focused on supplying the lifestyle
needs of recreational farmers and ranchers. The Company also serves
the maintenance needs of those who enjoy the rural lifestyle, as well as
tradesmen and small businesses. Stores are located in towns outlying
major metropolitan markets and in rural communities. The Company
offers the following comprehensive selection of merchandise: (1) equine,
pet and small animal products, including items necessary for their health, care,
growth and containment; (2) hardware and seasonal products, including lawn
and garden power equipment; (3) truck, towing and tool products;
(4) work/recreational clothing and footwear for the entire family;
(5) maintenance products for agricultural and rural use; and (6) home
décor, candy, snack food and toys.
Forward
Looking Statements:
As with any business, all phases of the
Company’s operations are subject to influences outside its
control. This information contains certain forward-looking
statements, including statements regarding estimated results of operations in
future periods. These forward-looking statements are subject to the
safe harbor provisions of the Private Securities Litigation Reform Act of 1995
and are subject to the finalization of the Company’s quarterly financial and
accounting procedures, and may be affected by certain risks and uncertainties,
any one, or a combination, of which could materially affect the results of the
Company’s operations. These factors include general economic
conditions affecting consumer spending, the timing and acceptance of new
products in the stores, the mix of goods sold, purchase price
volatility (including inflationary and deflationary pressures), the ability to
increase sales at existing stores, the ability to manage growth and identify
suitable locations and negotiate favorable lease agreements on new and relocated
stores, the ability to manage expenses, the availability of favorable credit
sources, capital market conditions in general, failure to open new stores in the
manner currently contemplated, the impact of new stores on our business,
competition, weather conditions, the seasonal nature of our business, effective
merchandising initiatives and marketing emphasis, the ability to retain vendors,
reliance on foreign suppliers, the ability to attract, train and retain
qualified employees, product liability and other claims, potential legal
proceedings, management of our information systems, effective tax rate changes
and results of examination by taxing authorities and the ability to maintain an
effective system of internal control over financial
reporting. Forward-looking statements made by or on behalf of the
Company are based on knowledge of its business and the environment in which it
operates, but because of the factors listed above, actual results could differ
materially from those reflected by any forward-looking
statements. Consequently, all of the forward-looking statements made
are qualified by these cautionary statements and those contained in the
Company’s Annual Report on Form 10-K and other filings with the Securities and
Exchange Commission. There can be no assurance that the results or
developments anticipated by the Company will be realized or, even if
substantially realized, that they will have the expected consequences to or
effects on the Company or its business and operations. Readers are
cautioned not to place undue reliance on these forward-looking statements, which
speak only as of the date hereof. The Company does not undertake any
obligation to release publicly any revisions to these forward-looking statements
to reflect events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events.
# #
#