Dollar General Co. (DG) will issue a quarterly dividend of $0.59 on October 22nd

VaselineAugust 30, 2024

0 3 minutes read

Dollar General Co. (NYSE:DG – Get Free Report) declared a quarterly dividend on Wednesday, August 28th, RTT News reports. Stockholders of record on Tuesday, October 8th will be given a dividend of 0.59 per share on Tuesday, October 22nd. This represents a dividend of $2.36 on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Tuesday, October 8.

Dollar General has increased its dividend by an average of 8.1% annually over the past three years. Dollar General has a payout ratio of 29.0%, meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Dollar General to earn $8.15 per share next year, which means the company should be able to continue to cover its $2.36 annual dividend with an estimated future payout ratio of 29.0%.

Dollar general stock down 32.0%

NYSE:DG opened at $84.20 on Friday. The firm has a market cap of $18.52 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 2.36 and a beta of 0.43. Dollar General has a 52-week low of $84.00 and a 52-week high of $168.07. The company has a current ratio of 1.22, a quick ratio of 0.18, and a debt-to-equity ratio of 0.89. The stock has a 50-day moving average of $123.95 and a 200-day moving average of $136.79.

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Dollar General (NYSE:DG – Get Your Free Report ) last posted its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The company had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.37 billion. In the same period last year, the company earned $2.13 per share. Dollar General’s quarterly revenue was up 4.2% on a year-over-year basis. analysts anticipate that Dollar General will post 7.21 EPS for the current year.

Analyst upgrades and downgrades

DG has been the subject of several recent analyst reports. Argus cut their price target on shares of Dollar General from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, July 15th. Wells Fargo & Company cut their price target on Dollar General from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Truist Financial cut their price target on Dollar General from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday. Gordon Haskett lowered Dollar General from a “buy” rating to a “hold” rating and set a $90.00 target price for the company. in a research note on Friday. Finally, Loop Capital reduced their price objective on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday. Fifteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Dollar General has an average rating of “Hold” and an average price target of $133.38, according to MarketBeat.com.

Get the latest stock analysis on Dollar General

About Dollar General

(Get a free report)

Dollar General Corporation, a discount retailer, provides various merchandise products in the South, Southwest, Midwest, and Eastern United States. Provides consumables including paper and cleaning products such as paper towels, bath tissue, paper tableware, trash and storage bags, disinfectants and laundry detergent; Packaged foods including cereals, pasta, canned soups, fruits and vegetables, spices, seasonings, sugar and flour; and perishables that include milk, eggs, bread, refrigerated and frozen foods, beer and wine.