Dollar General Co. (DG) To Go Ex-Dividend on July 1st

Dollar General Co. (NYSE:DGGet Rating) declared a quarterly dividend on Thursday, May 26th, RTT News reports. Shareholders of record on Tuesday, July 5th will be given a dividend of 0.55 per share on Tuesday, July 19th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Friday, July 1st.

Dollar General has increased its dividend by an average of 13.1% per year over the last three years and has raised its dividend annually for the last 8 consecutive years. Dollar General has a payout ratio of 17.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Dollar General to earn $12.50 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 17.6%.

DG stock opened at $228.38 on Friday. Dollar General has a fifty-two week low of $183.25 and a fifty-two week high of $262.20. The business’s 50 day moving average price is $231.45 and its two-hundred day moving average price is $221.50. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.12 and a current ratio of 1.05. The company has a market capitalization of $52.25 billion, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 1.53 and a beta of 0.52.

Dollar General (NYSE:DGGet Rating) last posted its earnings results on Thursday, May 26th. The company reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.10. The firm had revenue of $8.75 billion for the quarter, compared to the consensus estimate of $8.71 billion. Dollar General had a return on equity of 38.64% and a net margin of 7.01%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.82 EPS. Sell-side analysts forecast that Dollar General will post 11.47 earnings per share for the current year.

DG has been the topic of several recent research reports. Piper Sandler cut their price target on Dollar General from $270.00 to $265.00 and set an “overweight” rating on the stock in a research note on Friday, March 18th. BMO Capital Markets upped their price target on Dollar General from $250.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, March 18th. StockNews.com downgraded Dollar General from a “buy” rating to a “hold” rating in a research note on Friday. Gordon Haskett cut Dollar General from a “buy” rating to a “hold” rating and set a $210.00 price objective on the stock. in a research report on Friday, May 20th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Dollar General from $242.00 to $234.00 in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $245.20.

In other news, EVP Emily C. Taylor sold 10,016 shares of the company’s stock in a transaction on Thursday, March 24th. The stock was sold at an average price of $220.20, for a total value of $2,205,523.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Anita C. Elliott sold 7,502 shares of the company’s stock in a transaction on Wednesday, April 6th. The stock was sold at an average price of $235.70, for a total value of $1,768,221.40. Following the completion of the sale, the chief accounting officer now owns 16,279 shares of the company’s stock, valued at $3,836,960.30. The disclosure for this sale can be found here. 0.73% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Zullo Investment Group Inc. purchased a new stake in Dollar General in the 4th quarter worth $40,000. Covestor Ltd increased its stake in Dollar General by 156.4% in the 1st quarter. Covestor Ltd now owns 418 shares of the company’s stock worth $93,000 after buying an additional 255 shares in the last quarter. Salem Investment Counselors Inc. increased its stake in Dollar General by 94.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 495 shares of the company’s stock worth $117,000 after buying an additional 240 shares in the last quarter. Evergreen Capital Management LLC purchased a new stake in Dollar General in the 1st quarter worth $212,000. Finally, EP Wealth Advisors LLC increased its stake in Dollar General by 6.8% in the 4th quarter. EP Wealth Advisors LLC now owns 1,020 shares of the company’s stock worth $240,000 after buying an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 94.86% of the company’s stock.

About Dollar General (Get Rating)

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.

Further Reading

Dividend History for Dollar General (NYSE:DG)

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