running scans for top dividend stocks top buyback stocks or top growth stocks tractor supply company tsco shows up on all of them the company operates more than 2000 tractor supply stores and more than 180 petsense stores across the us the stock has been a juggernaut for longterm investors here are some of the key metrics buyback and dividend yield add up to 44 its an excellent combination of some profits being given directly to shareholders while another chunk of profits is used to buy back shares which reduces the number of shares outstanding and props up the share price the company boasts one of the highest dividend growth rates available making it one of the top longdividend dividend stocks as well the dividend amount each year has increased an average of 27 per year back in 2010 the dividend was 014 and the share price averaged about 15 that year the dividend was a little less than 1 if an investor bought and held the current dividend of 150 is a growing 10 yearly return on that original investment plus the stock has increased by a factor of more than 10 trading over 210 currently buying now assuming the dividend continues to increase will result in the same phenomenon yield on the original investment increases the stock has outpaced the sp 500 by more than 33 per year and 142 per year on average over the last five years since 2007 tsco is up 2131 while the spdr sp 500 etf spy is up 324 chart courtesy of stockrovercom the longterm rally has been fueled by impressive earnings growth which is expected to continue earnings increased an average of 23 per year over the last five years and analysts expect 9 per year growth going forward future growth is higher than the median growth expected for all sp 500 stocks 83 strive to own stocks that are better than average for outsized returns from a trade timing perspective now is a decent time to buy the stock is trading 12 off its 2023 alltime high having recently pulled back the stock has a current pe of 224 and a forward pe of 188 with steadily rising earnings for many years the forward pe estimate is fairly reliable pe values have ranged between 148 and 326 over the last halfdecade so the 188 forward pe puts the stock in a great buy location and the current pe signals a decentfair buy location not really low but not high either disclaimer the author doesnt currently hold a position but may initiate one over the next several weeks or months based on what other opportunities are available