Dollar General Corporation
DGConsumer Defensive · Stock · quarterly payer
Forward Yield
1.93%
Annual Dividend
$2.36
Payout Ratio
31%
5-Yr Growth
11.0%
Ex-Date
Oct 6, 2026
Frequency
Quarterly
Summary
As of September 2026, Dollar General Corporation (DG) yields 1.93% ($2.36 per share annually), with a blended fair-value estimate of $152.13 — +24% upside, so it screens as undervalued. Dividend safety grade: A (83/100).
Is DG a good dividend stock?
YesDollar General Corporation (DG) pays a quarterly dividend yielding 1.93% ($2.36/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
- Comfortable payout ratio (31%)
- Strong 11.0% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 1.93%
- Payout Ratio
- 31%
- Annual Dividend
- $2.36
- 5-Yr Avg Growth
- 11.0%
- Ex-Dividend Date
- Oct 6, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.23
- Market Cap
- $27.0B
- P/E Ratio
- 15.9
- 5-Yr Total Return
- -45%
- 52-Week Range
- $95.11 – $158.23
- Dividend Safety
- A · 83/100
- Ever Cut?
- No
Frequently Asked Questions
DG Price — Last 12 Months
Daily close
Price Return
1 Year
+24%
3 Years
+3%
5 Years
-45%
52-Week Range
$95.11 – $158.23
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is DG worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Dollar General Corporation is $152.13 per share, versus a market price of $122.41. That implies 24% of upside — a margin of safety of about 20%.
Fair Value
$152.13
Current Price
$122.41
Upside
+24%
Margin of Safety
20%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 5.4% annual free-cash-flow growth. We model 10.7% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 10.7% stage-1 growth, 2.5% terminal growth, $7.70 EPS, $2.36 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
DG Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 7, 2026 | — | $0.5900 | regular |
| Apr 7, 2026 | — | $0.5900 | regular |
| Jan 6, 2026 | — | $0.5900 | regular |
| Oct 7, 2025 | — | $0.5900 | regular |
| Jul 8, 2025 | — | $0.5900 | regular |
| Apr 8, 2025 | — | $0.5900 | regular |
| Jan 7, 2025 | — | $0.5900 | regular |
| Oct 8, 2024 | — | $0.5900 | regular |
| Jul 9, 2024 | — | $0.5900 | regular |
| Apr 8, 2024 | — | $0.5900 | regular |
| Jan 8, 2024 | — | $0.5900 | regular |
| Oct 6, 2023 | — | $0.5900 | regular |
| Jul 10, 2023 | — | $0.5900 | regular |
| Apr 10, 2023 | — | $0.5900 | regular |
Income Calculator
At $2.36 / yr per share
