Tractor Supply & Kroger Boost Dividends, Show Strong Sales Despite Shutdown
Tractor Supply Company, the U.S.-based rural lifestyle retailer, has expressed confidence in its outlook for the second half of 2025. Meanwhile, Kroger, one of America's largest grocers and pharmacies, continues to see strong sales growth, even amidst political news like the recent government shutdown.
Tractor Supply, listed as TSCO on NASDAQ, has been steadily increasing its dividend for 16 consecutive years, currently offering a yield of 1.6%. The company's latest quarterly update showed net sales rising 4.5% and comparable-store sales up 1.5%. Its CEO, Hal Lawton, has expressed confidence in the company's outlook for the remainder of the year.
Kroger, with a dividend yield of 2.1%, has approved a 9% increase to its quarterly dividend for the 19th straight year. The company's second quarter of fiscal 2025 showed strong sales growth led by pharmacy, e-commerce, and fresh categories. Kroger has also increased its full-year fiscal 2025 guidance for same-store sales growth and adjusted earnings per share.
Despite political events like the recent government shutdown, essential retailers like Tractor Supply and Kroger continue to perform well. Both companies have shown steady growth and dividend increases, making them reliable choices for investors seeking stable returns.
