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 paid a dividend of 0.26 per share on Tuesday, January 23rd. This represents a $1.04 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Monday, January 8th.
Dollar General has a payout ratio of 23.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Dollar General to earn $5.04 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 20.6%.
Shares of Dollar General (DG) opened at $94.06 on Wednesday. Dollar General has a 52-week low of $65.97 and a 52-week high of $96.60. The firm has a market capitalization of $25,540.00, a PE ratio of 20.86, a PEG ratio of 1.83 and a beta of 0.96. The company has a current ratio of 1.41, a quick ratio of 0.19 and a debt-to-equity ratio of 0.47.
Several research firms recently weighed in on DG. BMO Capital Markets restated a “hold” rating on shares of Dollar General in a research report on Wednesday, September 27th. Piper Jaffray Companies restated a “buy” rating and issued a $85.00 price objective on shares of Dollar General in a research report on Friday, September 29th. Royal Bank of Canada restated a “buy” rating and issued a $85.00 price objective on shares of Dollar General in a research report on Tuesday, October 10th. UBS Group restated a “buy” rating and issued a $99.00 price objective (up from $85.00) on shares of Dollar General in a research report on Monday, December 4th. Finally, Moffett Nathanson began coverage on shares of Dollar General in a research report on Monday, December 4th. They issued a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $85.54.
In other Dollar General news, EVP Robert D. Ravener sold 11,368 shares of the stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $92.81, for a total transaction of $1,055,064.08. Following the transaction, the executive vice president now directly owns 22,598 shares in the company, valued at $2,097,320.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Anita C. Elliott sold 2,012 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $92.82, for a total transaction of $186,753.84. Following the transaction, the senior vice president now owns 14,969 shares in the company, valued at $1,389,422.58. The disclosure for this sale can be found here. Insiders have sold 20,916 shares of company stock worth $1,924,881 over the last quarter. Company insiders own 0.32% of the company’s stock.
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Dollar General Company Profile
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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