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Companies and Brands

Taking Dividends to the Dollar Stores (FDO, DLTR, DG)

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By Jon C. Ogg Updated Published
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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

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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