Tractor Supply (TSCO) intends to carry out a 2-1 stock split on September 26 for shareholders of record on September 18.
The split will be the company's fourth such action since 2002.
The move "is the result of our strong operating results and stock price performance," says Chairman Jim Wright. It "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."
Shares closed at $119.80 yesterday. (PR)