How To Earn $500 A Month From Dollar General Stock Following Earnings Beat
Portfolio Pulse from Avi Kapoor
Dollar General Corp (NYSE:DG) reported Q4 FY23 earnings surpassing expectations with a 3.4% sales decline to $9.858 billion and an EPS of $1.83. The company declared a quarterly dividend of 59 cents per share. To earn a $500 monthly dividend, an investor would need 2,542 shares, equating to approximately $381,453 investment. The dividend yield is 1.57%. DG's stock fell 5.1% to close at $150.06 following the announcement.

March 15, 2024 | 12:56 pm
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Dollar General reported better-than-expected Q4 FY23 earnings, declared a quarterly dividend of 59 cents per share, and experienced a 5.1% stock price drop to $150.06.
The positive earnings report and dividend declaration typically signal strong company performance and shareholder value, which could lead to a positive outlook. However, the immediate stock price drop of 5.1% indicates a short-term negative market reaction, possibly due to broader market conditions or profit-taking by investors after the earnings announcement. The dividend yield of 1.57% and the detailed calculations on how to earn monthly dividends from DG stock highlight the company's appeal to income-focused investors.
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