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TRACTOR SUPPLY COMPANY ANNOUNCES TWO-FOR-ONE STOCK SPLIT
Aug. 30, 2013
Source: Tractor Supply Company news release
Tractor Supply Company (NASDAQ: TSCO), the largest retail farm and ranch store chain in the United States, today announced that its Board of Directors approved a two-for-one stock split of its common stock.
Stockholders of record at the close of business on September 18, 2013 will receive one additional share of Tractor Supply common stock for every share of Tractor Supply common stock owned on that date. The additional shares are expected to be distributed on September 26, 2013.
Jim Wright, Executive Chairman, commented, "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."
Mr. Wright continued, "This stock split will make our stock more affordable to investors, including our customers and team members and is intended to increase the liquidity and accessibility of our stock. This represents our fourth two-for-one split since 2002."
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