10 High Growth Dividend Paying Stocks To Invest In

7. Tractor Supply Company (NASDAQ:TSCO)

5-Year Revenue Growth: 12.25%

Tractor Supply Company (NASDAQ:TSCO) is an American farm supplies company that deals in home improvement and related equipment and supplies. In the fourth quarter of 2024, the company reported net sales of around $3.8 billion, marking a 3% year-over-year increase, supported by new store openings and improved comparable store sales. Earnings per share came in at $0.44, down 3% from the previous year, with both revenue and earnings slightly missing analyst estimates. Gross profit rose to $1.33 billion, up 2.8% from the prior-year period.

Tractor Supply Company (NASDAQ:TSCO) expanded its footprint in the pet care space through the acquisition of Allivet, a pet pharmacy business. This move complements its existing network of over 200 Petsense locations and a broad pet product offering in its core stores, providing another avenue for growth.

Tractor Supply Company (NASDAQ:TSCO) also demonstrated a strong cash position. The company ended the quarter with a healthy cash balance of roughly $252 million. For the full year, operating cash flow reached $1.4 billion, enabling the return of $472.5 million to shareholders through dividends. Additionally, the Board approved a $0.04 increase to its annual dividend—up 4.5% year over year—raising it to $0.92 per share for fiscal year 2025. A quarterly dividend of $0.23 per share was also declared, marking the company’s 16th consecutive year of dividend growth. As of April 8, the stock has a dividend yield of 1.89%.