On March 16, 2022, Dollar General (DG) declared a quarterly cash dividend of $0.55 per share on the Company’s common stock, payable on or before April 19, 2022 to shareholders of record on April 5, 2022. This marks the 7th consecutive year of dividend increases by the discount retailer with double digit dividend hikes announced in each of the last 5 years.

A new annualized rate of $2.20 per share for DG yields 1.00% based on a stock price of $228. According to calculations by dividendhike.com Dollar General will now pay shareholders $510 million in dividends annually.

Dollar General Corporation is a discount retailer. The company offers a broad selection of merchandise, including consumables, seasonal items, home products and apparel. Its merchandise includes branded and own private brand products at everyday lowprices (typically $10 or less) in its convenient small-box locations, with the greatest concentration of stores in the southern, southwestern, midwestern and eastern United States. J.L. Turner founded the company in 1939 as J.L. Turner and Son, Wholesale. DG was incorporated as a Kentucky corporation under the name J.L. Turner & Son, Inc. in 1955, when the first Dollar General store was opened. In 1968 the company name was changed to Dollar General Corporation.  In November 2009 Dollar General again became publicly traded.