Dollar General Corp. (NYSE:DG) declared a quarterly dividend on Thursday, August 30th, RTT News reports. Stockholders of record on Tuesday, October 9th will be given a dividend of 0.29 per share on Tuesday, October 23rd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.10%.

Dollar General has a payout ratio of 19.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Dollar General to earn $6.73 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 17.2%.

Dollar General stock opened at $105.66 on Friday. The firm has a market cap of $28.59 billion, a PE ratio of 23.53, a price-to-earnings-growth ratio of 1.21 and a beta of 0.90. The company has a current ratio of 1.65, a quick ratio of 0.23 and a debt-to-equity ratio of 0.46. Dollar General has a 1-year low of $70.30 and a 1-year high of $109.05.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, August 30th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.03. The business had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.38 billion. Dollar General had a net margin of 6.77% and a return on equity of 22.40%. Dollar General’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.10 EPS. research analysts expect that Dollar General will post 6.06 EPS for the current year.

In other Dollar General news, EVP Robert D. Ravener sold 10,000 shares of the firm’s stock in a transaction on Friday, June 22nd. The shares were sold at an average price of $100.03, for a total value of $1,000,300.00. Following the sale, the executive vice president now directly owns 38,307 shares in the company, valued at approximately $3,831,849.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.41% of the company’s stock.

Several research analysts recently commented on the stock. Credit Suisse Group set a $99.00 target price on shares of Dollar General and gave the stock a “hold” rating in a report on Monday. Guggenheim reiterated a “buy” rating and issued a $115.00 target price on shares of Dollar General in a report on Monday, August 20th. Northcoast Research reiterated a “neutral” rating on shares of Dollar General in a report on Tuesday, June 26th. Wells Fargo & Co lifted their target price on shares of Dollar General from $113.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Buckingham Research dropped their target price on shares of Dollar General from $98.00 to $95.00 and set a “neutral” rating on the stock in a report on Friday, June 1st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Dollar General presently has an average rating of “Buy” and a consensus target price of $100.18.

Dollar General Company Profile

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

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Dividend History for Dollar General (NYSE:DG)

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