Dollar General Corp. Plans Quarterly Dividend of $0.26 (DG)
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.
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.
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.
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