Companies and Brands
Taking Dividends to the Dollar Stores (FDO, DLTR, DG)
Published:
Last Updated:
Family Dollar Stores, Inc. (NYSE: FDO) is showing just how a secular trend is still going to rule the roost in retail. It was Dollar Tree, Inc. (NASDAQ: DLTR) hitting new all-time highs yesterday, and now it is Family Dollar’s day to shine (not at all-time highs).
The news is that Family Dollar is hiking its dividend to $0.21 from $0.18 per share per quarter. The gain is a 16% hike and this has Family Dollar shares higher by 2.8% at $55.25. This will take the 1.3% yield indication on the financial screens up to a better yield of about 1.5% for dividend investors.
It may not seem like a high yield, but the company has now claimed to have raised its dividend each year at a compound average rate of approximately 16%.
Dollar stores of today are really stores that sell items under $10.00 in most cases. Family Dollar pays a dividend, while Dollar Tree and Dollar General Corporation (NYSE: DG) do not.
JON C. OGG
Are You Ahead, or Behind on Retirement? (sponsor)
If you’re one of the over 4 Million Americans set to retire this year, you may want to pay attention. Many people have worked their whole lives preparing to retire without ever knowing the answer to the most important question: are you ahead, or behind on your retirement goals?
Don’t make the same mistake. It’s an easy question to answer. A quick conversation with a financial advisor can help you unpack your savings, spending, and goals for your money. With SmartAsset’s free tool, you can connect with vetted financial advisors in minutes.
Why wait? Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.