Dollars General Corporation (NYSE:DG) has earned its spot in the 12 Best Retail Dividend Stocks to Buy Now.
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Dollar General Corporation (NYSE:DG) is a prominent American discount retail chain known for its affordability. The store’s shelves brim with a variety of low-cost items â from essential everyday goods to clothing and seasonal products. Notably, they provide household staples, such as toilet paper, albeit in smaller packaging, catering to customers seeking immediate, budget-friendly options.
Catering primarily to lower-income shoppers, Dollar General strategically places its smaller-scale stores in rural areas, filling a critical gap that larger retailers often overlook. This model allows it to serve communities desiring accessibility and convenience, enabling quick shopping trips without the need for long travels to big-box retailers that might offer bulk saving opportunities.
The allure of Dollar General investment comes from its consistent dividend payouts. Since 1975, the company has rewarded its shareholders with regular dividends, currently standing at a quarterly rate of $0.59 per share. This translates to a dividend yield of 2.32% as of September 22, clearly positioning DG as one of the standout dividend stocks in the market.
While Dollar General is a solid investment choice, it is worth noting that some AI stocks may present greater growth potential while carrying lower risks in terms of downturns. For those interested, our free report on the best short-term AI stock could provide intriguing insights.
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Disclosure: None.
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