At the end of today, October 24, 2023, Dollar Gen DG will distribute a dividend payout of $0.59 per share, translating to an annualized dividend yield of 1.52%. Shareholders who held the stock before the ex-dividend date on October 06, 2023 will benefit from this payout.
Dollar Gen Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-10-06 | 4 | $0.59 | 1.52% | 2023-08-30 | 2023-10-10 | 2023-10-24 |
| 2023-07-10 | 4 | $0.59 | 1.15% | 2023-05-30 | 2023-07-11 | 2023-07-25 |
| 2023-04-10 | 4 | $0.59 | 1.1% | 2023-03-15 | 2023-04-11 | 2023-04-25 |
| 2022-12-30 | 4 | $0.55 | 0.87% | 2022-11-30 | 2023-01-03 | 2023-01-17 |
| 2022-10-03 | 4 | $0.55 | 0.88% | 2022-08-23 | 2022-10-04 | 2022-10-18 |
| 2022-07-01 | 4 | $0.55 | 1.12% | 2022-05-25 | 2022-07-05 | 2022-07-19 |
| 2022-04-04 | 4 | $0.55 | 1.03% | 2022-03-16 | 2022-04-05 | 2022-04-19 |
| 2022-01-03 | 4 | $0.42 | 0.75% | 2021-12-02 | 2022-01-04 | 2022-01-18 |
| 2021-10-04 | 4 | $0.42 | 0.72% | 2021-08-25 | 2021-10-05 | 2021-10-19 |
| 2021-07-02 | 4 | $0.42 | 0.85% | 2021-05-25 | 2021-07-06 | 2021-07-20 |
| 2021-04-05 | 4 | $0.42 | 0.87% | 2021-03-16 | 2021-04-06 | 2021-04-20 |
| 2021-01-04 | 4 | $0.36 | 0.66% | 2020-12-02 | 2021-01-05 | 2021-01-19 |
Dollar Gen's dividend yield falls in the middle range when compared to its industry peers, with Target TGT having the highest annualized dividend yield at 4.10%.
Analyzing Dollar Gen Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
The company demonstrated a positive dividend growth pattern from 2019 to 2022, with the dividend per share rising from $1.28 to $2.20. This signifies the company's commitment to consistently increasing shareholder dividends.
YoY Earnings Growth For Dollar Gen
The earnings chart above shows that from 2019 to 2022, Dollar Gen has experienced an increase in their earnings from $6.48 per share to $10.29 per share. This positive earnings trend is promising for income-seeking investors as it suggests that the company has more potential to increase its cash dividend payout if the trend continues.
Recap
This article delves into the recent dividend payout of Dollar Gen and its implications for shareholders. Presently, the company is distributing a dividend of $0.59 per share, leading to an annualized dividend yield of 1.52%.
Dollar Gen's dividend yield falls in the middle range when compared to its industry peers, with Target having the highest annualized dividend yield at 4.10%.
Considering the increase in dividend per share from 2019 to 2022 along with an increase in earnings per share, Dollar Gen appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.
Keeping a vigilant eye on the company's performance in the coming quarters will allow investors to stay current with any variations in financials or dividend disbursements.
\To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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