Dollar General Corp (NYSE: DG) is set to go ex-dividend on October 8, 2024, for its quarterly dividend of $0.59 per share. This announcement follows a historical pattern where shares typically experience a “Dividend Run” leading up to the ex-dividend date, as evidenced by this past performance analysis.
In the two-week period before the last ex-dividend date on July 9, 2024, DG shares rose from $128.77 to $130.12, a gain of $1.35. Historically, this strategy has yielded capital gains exceeding the total dividends paid in 3 of the last 4 instances, with a total capital gain of $10.11 compared to $2.36 in dividends across the same period.
Investors should note the upcoming payment date for the dividend is October 22, 2024, with an implied annual yield of 2.74%. The past performance underscores the potential for capital appreciation leading into the next ex-dividend date.
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