How To Earn $500 A Month From Dollar General Stock After Upbeat Earnings
Portfolio Pulse from Avi Kapoor
Dollar General Corp (NYSE:DG) reported Q3 FY23 sales of $9.69 billion, surpassing estimates of $9.65 billion, with an EPS of $1.26 beating the $1.19 consensus. The company's dividend yield is 1.78%, with a quarterly dividend of 59 cents per share. To earn $500 monthly in dividends, an investor would need 2,542 shares, valued at approximately $336,307. For $100 monthly, it would require 508 shares or $67,208. Dividend yields fluctuate with stock price and dividend changes. DG shares dropped 1.2% to close at $132.30 on Thursday.
December 08, 2023 | 2:17 pm
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Dollar General reported strong Q3 results, with sales and EPS exceeding estimates. The company's dividend yield is currently 1.78%, and the stock price fell 1.2% to $132.30.
Positive earnings typically lead to increased investor confidence and can result in a short-term uptick in stock price. However, the stock closed down, which may be due to broader market conditions or profit-taking. The detailed dividend analysis provided in the article could attract income-focused investors, potentially supporting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100