10 High Growth Forever Dividend Stocks To Invest In

4. Tractor Supply Company (NASDAQ:TSCO)

5-Year Revenue Growth: 12.25%

Tractor Supply Company (NASDAQ:TSCO) is a Tennessee-based farm supplies company. It deals in home improvement and related equipment and supplies. The company is the largest rural lifestyle retailer in the US, with nearly 2,300 stores spread across 49 states, and has delivered consistent revenue growth from 2022 through 2024. While net income remained relatively flat over the past two years, free cash flow continued to rise steadily during the period.

In the fourth quarter of 2024, Tractor Supply Company (NASDAQ:TSCO) posted net sales of approximately $3.8 billion, reflecting a 3% year-over-year gain, aided by the opening of new locations and stronger same-store sales. Earnings per share came in at $0.44, a 3% dip compared to the previous year. Both revenue and earnings slightly lagged behind market expectations. Gross profit grew to $1.33 billion, up 2.8% from the year-ago quarter.

Tractor Supply Company (NASDAQ:TSCO) also maintained a solid financial footing, finishing the quarter with around $252 million in cash. For the full fiscal year, the company generated $1.4 billion in operating cash flow and returned $472.5 million to shareholders via dividends. The Board of Directors approved a 4.5% increase to the annual dividend, raising it by $0.04 to $0.92 per share for fiscal 2025. The company also declared a quarterly dividend of $0.23 per share, which marked the company’s 16th consecutive year of dividend growth. The stock supports a dividend yield of 1.78%, as of April 13.