Dollar General (DG) Declares $0.42 Quarterly Dividend; Increases Buyback Plan to $2 Billion

March 18, 2021 6:58 AM EDT

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

Dollar General (NYSE: DG) declared a quarterly dividend of $0.42 per share, or $1.68 annualized.

The dividend will be payable on April 20, 2021, to stockholders of record on April 6, 2021, with an ex-dividend date of April 5, 2021.

The annual yield on the dividend is 0.9 percent.

In fiscal year 2020, the Company repurchased $2.5 billion of its common stock, or 12.3 million shares, at an average price of $200.57 per share, under its share repurchase program. The total remaining authorization for future repurchases was $679 million at the end of fiscal year 2020. On March 17, 2021, the Company’s Board of Directors increased the authorization under the share repurchase program by $2.0 billion. Under the authorization, repurchases may be made from time to time in open market transactions, including pursuant to trading plans adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, or in privately negotiated transactions. The timing, manner and number of shares repurchased will depend on a variety of factors, including price, market conditions, compliance with the covenants and restrictions under the Company’s debt agreements and other factors. The authorization has no expiration date.

For a dividend history and other dividend-related data on Dollar General (DG) click here.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Dividends, Stock Buybacks

Related Entities

Dividend