1 Excellent Dividend Stock to Buy Right Now
The stock may be down, but its dividend keeps increasing, and management is aggressively buying back its stock.
For investors looking for more stability in a volatile market, dividend-paying company Tractor Supply (NASDAQ: TSCO) is trading at a very attractive valuation after a recent pullback in its stock price. The largest rural lifestyle retailer in the U.S., which is growing sales during a period when some retailers are struggling, exemplifies resilience. Despite a 12% year-to-date decline in its stock price, the company's fundamentals remain robust. Even more, the company continues to repurchase its shares and increase its dividend, extending a long streak of annual payout hikes.
The dividend stock's recent pullback may be discouraging for shareholders. But it might also be a great buying opportunity -- especially for those who haven't bought into this compelling long-term growth story yet.
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