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

Dollar General Corporation (NYSE:DG) announced a quarterly dividend on Wednesday, March 11th. Shareholders of record on Tuesday, April 7th will be paid a dividend of 0.59 per share on Tuesday, April 21st. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, April 7th.

Dollar General has raised 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 $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

Shares of Dollar General stock traded down $9.50 during trading on Thursday, hitting $135.34. 8,683,863 shares of the stock traded hands, compared to its average volume of 3,186,263. The firm’s fifty day moving average is $147.75 and its 200-day moving average is $123.40. The stock has a market cap of $29.79 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 2.41 and a beta of 0.23. Dollar General has a 52 week low of $76.44 and a 52 week high of $158.23. The company has a quick ratio of 0.24, a current ratio of 1.17 and a debt-to-equity ratio of 0.63.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, March 12th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.36. The business had revenue of $10.91 billion for the quarter, compared to analysts’ expectations of $10.78 billion. Dollar General had a net margin of 3.03% and a return on equity of 18.59%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the business earned $0.87 earnings per share. Dollar General has set its FY 2026 guidance at 7.100-7.35 EPS. Research analysts expect that Dollar General will post 5.75 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Roderick J. West sold 2,282 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $133.35, for a total transaction of $304,304.70. Following the completion of the transaction, the executive vice president owned 36,108 shares in the company, valued at $4,815,001.80. This represents a 5.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Rhonda Taylor sold 7,500 shares of Dollar General stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $134.89, for a total transaction of $1,011,675.00. Following the completion of the sale, the executive vice president owned 73,492 shares in the company, valued at approximately $9,913,335.88. This trade represents a 9.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 22,074 shares of company stock worth $2,972,288 in the last ninety days. Insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Dollar General

A number of institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd boosted its position in Dollar General by 4,550.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 186 shares of the company’s stock valued at $25,000 after acquiring an additional 182 shares in the last quarter. Fideuram Asset Management Ireland dac purchased a new position in shares of Dollar General in the 4th quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Dollar General by 69.3% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 193 shares of the company’s stock valued at $26,000 after purchasing an additional 79 shares in the last quarter. Reflection Asset Management purchased a new stake in Dollar General in the fourth quarter worth $28,000. Finally, Caldwell Trust Co bought a new position in Dollar General in the second quarter worth $25,000. 91.77% of the stock is owned by institutional investors.

About Dollar General

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.