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

Key Points

• Dollar General Corporation announced a quarterly dividend of $0.59 per share, with the payout scheduled for October 21st, 2023, to shareholders of record as of October 7th.
• The company reports a dividend payout ratio of 37.9%, suggesting its dividend is well-covered by earnings, and projected earnings for the next year are $5.98 per share.
• Dollar General's stock opened at $111.25, and analysts have various ratings with a consensus target price of $108.80.

Dollar General Corporation (NYSE:DG - Get Free Report) announced a quarterly dividend on Thursday, August 28th, RTT News reports. Shareholders of record on Tuesday, October 7th will be given a dividend of 0.59 per share on Tuesday, October 21st. This represents a c) annualized dividend and a yield of 2.1%.

Dollar General has a dividend payout ratio of 37.9% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of Dollar General stock opened at $111.25 on Thursday. The firm has a market cap of $24.48 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 2.70 and a beta of 0.31. The company has a quick ratio of 0.20, a current ratio of 1.23 and a debt-to-equity ratio of 0.74. Dollar General has a 52 week low of $66.43 and a 52 week high of $125.42. The business's fifty day simple moving average is $112.08 and its 200-day simple moving average is $97.60.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.56 by $0.30. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. During the same period in the prior year, the business posted $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Equities analysts forecast that Dollar General will post 5.75 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on DG. Guggenheim lifted their price objective on shares of Dollar General from $100.00 to $105.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Citigroup raised their price target on shares of Dollar General from $101.00 to $112.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Barclays boosted their price target on shares of Dollar General from $100.00 to $119.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. increased their price objective on Dollar General from $88.00 to $95.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Finally, Cfra Research upgraded Dollar General to a "hold" rating in a report on Tuesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and sixteen have given a Hold rating to the company's stock. Based on data from MarketBeat, Dollar General currently has a consensus rating of "Hold" and a consensus target price of $108.80.

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.

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