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

Dollar General Co. (NYSE:DG) has announced a quarterly dividend of $0.59 per share, as reported on March 11th. This dividend will be paid to shareholders on record as of April 8th, with the payment date set for April 22nd. This dividend translates to an annual payout of $2.36 and a yield of 2.95%. The ex-dividend date is also April 8th.

Over the past three years, Dollar General has successfully increased its dividend by an average of 12.0% annually. Currently, the company has a payout ratio of 37.2%, demonstrating that the dividend is well-covered by its earnings. Analysts forecast that Dollar General is expected to earn $5.98 per share in the coming year, indicating that the company should be able to maintain its annual dividend of $2.36, predicting a future payout ratio of 39.5%.

Stock Performance of Dollar General

On Thursday, during trading hours, the stock for NYSE DG rose by $5.18, reaching a price of $80.03. A total of 8,551,533 shares were exchanged, which is significantly higher than the average trading volume of 3,757,156 shares. The stock has seen a 52-week low of $66.43 and a high of $168.07. Currently, Dollar General's financial ratios include a debt-to-equity ratio of 0.78, a current ratio of 1.15, and a quick ratio of 0.15. It also has a market capitalization of $17.60 billion, with a price-to-earnings (PE) ratio of 13.18, a PEG ratio of 2.18, and a beta of 0.44.

Insider Transactions at Dollar General

Recently, there have been some notable insider transactions at Dollar General. For instance, Executive Vice President Emily C. Taylor sold 4,740 shares on December 13th at an average price of $77.44, amounting to a total of $367,065.60. Following this transaction, she holds 15,575 shares valued at approximately $1,206,128, representing a 23.33% reduction in her position. Additionally, Director Michael M. Calbert sold 6,000 shares on December 31st, receiving $451,620 at an average price of $75.27. After the sale, he owns 120,322 shares valued at around $9,056,636.94, marking a 4.75% decrease in his ownership. Currently, corporate insiders own 0.49% of the stock.

Changes in Analyst Ratings

Several brokerages have revised their ratings on Dollar General. The Telsey Advisory Group maintained a “market perform” rating with a price target of $85.00 in a recent research note. Jefferies Financial Group adjusted their target price from $110.00 to $90.00, while giving Dollar General a “buy” rating. Wells Fargo lowered its price objective from $90.00 to $80.00 and set an “equal weight” rating. Citigroup also adjusted their target from $73.00 to $69.00 while assigning a “sell” rating. Conversely, Bank of America upgraded Dollar General from an “underperform” to a “buy” rating with a revised price target of $95.00. Overall, one analyst rated the stock as a sell, while fifteen maintained a hold rating and eight recommended a buy. Currently, the average rating is “Hold,” with the consensus price target at $95.09.

About Dollar General

Dollar General Corporation is a discount retailer that provides various merchandise products across the United States, particularly in the southern, southwestern, midwestern, and eastern regions. The company offers a range of consumable products such as cleaning supplies, packaged food, and perishables including milk, eggs, and frozen foods.

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