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

Dollar General Corporation (NYSE:DG) declared a quarterly dividend on Monday, June 1st. Investors of record on Tuesday, July 7th will be given a dividend of 0.59 per share on Tuesday, July 21st. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, July 7th.

Dollar General has increased its dividend by an average of 0.1%per year over the last three years. Dollar General has a dividend payout ratio of 37.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Dollar General to earn $7.91 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 29.8%.

Dollar General Trading Down 2.9%

Dollar General stock traded down $3.15 during midday trading on Tuesday, reaching $106.78. The stock had a trading volume of 8,996,460 shares, compared to its average volume of 3,423,957. The firm’s fifty day simple moving average is $115.21 and its two-hundred day simple moving average is $128.71. Dollar General has a twelve month low of $95.11 and a twelve month high of $158.23. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.13 and a quick ratio of 0.22. The firm has a market cap of $23.52 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 1.80 and a beta of 0.28.

Dollar General (NYSE:DG) last issued its earnings results on Tuesday, June 2nd. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. The company had revenue of $10.79 billion during the quarter, compared to analyst estimates of $10.81 billion. Dollar General had a net margin of 3.54% and a return on equity of 18.66%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $1.78 EPS. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. Equities analysts anticipate that Dollar General will post 7.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Truist Financial set a $114.00 target price on shares of Dollar General in a report on Tuesday. Guggenheim dropped their target price on shares of Dollar General from $165.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, March 13th. Rothschild & Co Redburn dropped their target price on shares of Dollar General from $111.00 to $90.00 and set a “sell” rating on the stock in a report on Monday, May 18th. Oppenheimer dropped their target price on shares of Dollar General from $170.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Loop Capital dropped their target price on shares of Dollar General from $145.00 to $110.00 and set a “hold” rating on the stock in a report on Friday, May 22nd. Twelve equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $139.38.

Dollar General Company Profile

Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.

Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.