Tractor Supply Company (NASDAQ: TSCO)
Tractor Supply Company is the largest rural retailer in the US with 2,216 Tractor Supply stores located in 49 states. The company hires around 50,000 staff and operates 198 Petsense pet stores in 23 states as of 30 December 2023. The retailer posted a respectable set of earnings for 2023. Revenue increased by 2.5% year on year to US$14.6 billion while operating profit improved by 3.1% year on year to US$1.5 billion....The consumer sector has seen a strong rebound with the opening of global economies.
Investors who are looking for dependable names should look for companies with recognisable brand names, long track records, and consistent dividend payouts.
One good place to search for such stocks is in the US market which boasts a long list of consumer-related companies with global reach.
Not only are these companies posting healthy growth, but they are also declaring higher dividends, too.
Here are four such names that you can consider adding to your buy watchlist.
