Dollar General Corporation (NYSE:DG) Announces Quarterly Dividend of $0.59

Dollar General Corporation (NYSE:DG) announced a quarterly dividend on Tuesday, December 2nd. Shareholders of record on Tuesday, January 6th will be paid 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%annually over the last three years. Dollar General has a dividend payout ratio of 37.9% meaning its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

Dollar General stock traded up $15.06 during midday trading on Thursday, reaching $124.95. 14,121,871 shares of the stock traded hands, compared to its average volume of 3,589,750. The stock’s fifty day moving average is $102.63 and its 200-day moving average is $107.07. Dollar General has a 12 month low of $66.43 and a 12 month high of $125.44. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71. The stock has a market cap of $27.50 billion, a P/E ratio of 23.14, a PEG ratio of 2.69 and a beta of 0.27.

Dollar General (NYSE:DG) last announced its quarterly 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. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The company had revenue of $10.65 billion for the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter in the previous year, the business posted $0.89 earnings per share. Dollar General’s quarterly revenue was up 4.6% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. As a group, equities research analysts anticipate that Dollar General will post 5.75 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC lifted its holdings in shares of Dollar General by 416.4% in the 3rd quarter. AQR Capital Management LLC now owns 2,525,608 shares of the company’s stock valued at $259,759,000 after buying an additional 2,036,573 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Dollar General by 116.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,714,972 shares of the company’s stock worth $310,538,000 after acquiring an additional 1,458,093 shares during the period. Royal Bank of Canada boosted its holdings in Dollar General by 251.6% in the 1st quarter. Royal Bank of Canada now owns 2,035,524 shares of the company’s stock worth $178,983,000 after buying an additional 1,456,549 shares during the last quarter. Norges Bank acquired a new stake in shares of Dollar General in the second quarter worth approximately $154,371,000. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Dollar General by 15,369.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,219,179 shares of the company’s stock worth $139,450,000 after buying an additional 1,211,298 shares in the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

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.