Hike

Tractor Supply (TSCO) Cheers Investors With a Dividend Hike

Tractor Supply Company TSCO cheered investors by enhancing shareholder returns at a time when most companies are suspending dividends and share repurchases due to the hardships posed by the coronavirus outbreak. The company announced the 10th successive quarterly dividend hike. It will now pay out a dividend of 40 cents per share, suggesting a 14.3% rise from the prior rate of 35 cents. The increased dividend will be paid out on Sep 9 to shareholders of record as of Aug 24, 2020.

The latest dividend hike brings its annualized dividend to $1.40 per share versus the prior rate of $1.36. Notably, the company has a five-year annualized dividend growth rate of 13.7%, reflecting dividend increases for five consecutive years. Based on its share price of $148.10 on Aug 7, Tractor Supply currently has a dividend yield of 0.9%. Moreover, the company’s current dividend payout ratio is 23.9%.

Dividend payouts are

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Rishi Sunak could hike business rates for ‘most valuable properties’

The Chancellor has asked for industry feedback on whether high end shops, offices and other large premises should pay a new, higher business rate - Reuters
The Chancellor has asked for industry feedback on whether high end shops, offices and other large premises should pay a new, higher business rate – Reuters

Rishi Sunak is considering an increase in business rates for the “most valuable properties”, with fears being raised that the move could hurt firms already struggling amid the effects of the coronavirus crisis.

The Chancellor has asked for industry feedback on whether high end shops, offices and other large premises should pay a new, higher business rate, with responses due ahead of the autumn Budget.

In a call for evidence as part of a business rates review, the Treasury said failing to raise enough revenue from them could put pressure on “other parts of the tax system”.

Business rates are based on shop rental values, typically calculated every five years and paid by tenants rather than property owners. Critics say the system is unfairly

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NYU Stern Students Protest MBA Tuition Hike During COVID

MBA students at NYU Stern are protesting a 3.5% hike in tuition during the pandemic and asking for discounts of 5% to 10% due to the shift toward remote instruction. Stern photo

MBA students at New York University’s Stern School of Business are urging the school to reverse a decision to increase their annual tuition by 3.5% and instead grant a 5% to 10% discount as classes move online during the pandemic. The petition requesting a freeze of Stern’s $76,780 annual tuition, up from $74,184 a year earlier, has been signed by more than 300 students.

“Raising tuition during this time period feels wrong,” according to the statement signed “The NYU Stern MBA Class of 2021.” The letter was posted to Twitter by Stern second-year MBA Avik Banerjee who is doing his summer internship with Bain & Co. and reports that more than 300 students have signed the petition. “It

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