Dollar General Corporation (DG) To Go Ex-Dividend on January 6th

Dollar General Corporation (NYSE:DG) announced a quarterly dividend on Tuesday, December 2nd. Shareholders of record on Tuesday, January 6th will be given a dividend of 0.59 per share on Tuesday, January 20th. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date is Tuesday, January 6th.

Dollar General has increased its dividend by an average of 0.1%per year over the last three years. Dollar General has a payout ratio of 37.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Dollar General to earn $5.98 per share next year, which means the company should continue to be able to cover its $2.36 annual dividend with an expected future payout ratio of 39.5%.

Dollar General Stock Performance

NYSE:DG traded up $15.06 during mid-day trading on Thursday, reaching $124.95. 14,182,099 shares of the stock were exchanged, compared to its average volume of 3,589,867. The stock has a market capitalization of $27.50 billion, a P/E ratio of 23.14, a P/E/G ratio of 2.69 and a beta of 0.27. Dollar General has a 1 year low of $66.43 and a 1 year high of $125.44. The company has a 50 day simple moving average of $102.63 and a 200-day simple moving average of $107.07. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, December 4th. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.33. The company had revenue of $10.65 billion during the quarter, compared to the consensus estimate of $10.60 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.89 earnings per share. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. Analysts anticipate that Dollar General will post 5.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dollar General

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Elevation Point Wealth Partners LLC purchased a new position in shares of Dollar General during the 2nd quarter worth about $25,000. Caldwell Trust Co acquired a new stake in Dollar General in the second quarter valued at approximately $25,000. Atlantic Union Bankshares Corp purchased a new position in Dollar General in the 2nd quarter valued at about $26,000. Root Financial Partners LLC acquired a new position in shares of Dollar General in the 3rd quarter valued at approximately $26,000. Finally, Peoples Financial Services CORP. bought a new position in Dollar General during the 3rd quarter valued at $35,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Company Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.