Dollar General Corp. (NYSE:DG) announced a quarterly dividend on Thursday, December 7th, RTT News reports. Stockholders of record on Tuesday, January 9th will be given a dividend of 0.26 per share on Tuesday, January 23rd. This represents a $1.04 annualized dividend and a dividend yield of 1.14%.

Dollar General has a dividend payout ratio of 23.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Dollar General to earn $4.98 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 20.9%.

Dollar General (NYSE DG) traded up $0.48 during mid-day trading on Thursday, hitting $90.85. The stock had a trading volume of 3,743,000 shares, compared to its average volume of 2,845,262. The firm has a market capitalization of $24,694.42, a P/E ratio of 20.04, a P/E/G ratio of 1.78 and a beta of 0.96. Dollar General has a 1-year low of $65.97 and a 1-year high of $92.11. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 0.18.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, December 7th. The company reported $0.93 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.01). Dollar General had a return on equity of 22.67% and a net margin of 5.38%. The company had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same period in the prior year, the business earned $0.89 earnings per share. Dollar General’s revenue for the quarter was up 11.0% compared to the same quarter last year. equities research analysts expect that Dollar General will post 4.5 EPS for the current fiscal year.

In other news, EVP Robert D. Ravener sold 11,257 shares of Dollar General stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $77.00, for a total value of $866,789.00. Following the transaction, the executive vice president now directly owns 22,598 shares of the company’s stock, valued at approximately $1,740,046. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.22% of the company’s stock.

Several equities research analysts recently weighed in on DG shares. Zacks Investment Research raised Dollar General from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a report on Monday, August 28th. BidaskClub raised Dollar General from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Bank of America reissued a “buy” rating and issued a $90.00 target price on shares of Dollar General in a report on Friday, August 25th. Citigroup raised their target price on Dollar General from $87.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, September 13th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $85.00 target price on shares of Dollar General in a report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $82.93.

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About Dollar General

Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.

Dividend History for Dollar General (NYSE:DG)

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