12 52-Week Low Dividend Stocks To Consider

1. Dollar General Corporation (NYSE:DG)

Number of Hedge Fund Holders: 42

1-Year Share Price Decline as of  September 4: 34.1%

52 Week Range: $77.96 – $168.07

Dollar General Corporation (NYSE:DG) is a Tennessee-based discount store company that operates a chain of discount variety stores. The shares dropped by almost a third in value after the discount retailer provided disappointing guidance with its fiscal Q2 results on August 29. This decline pushed the stock to its lowest point in over five years. However, the new management team is implementing strategic changes to improve execution and stabilize operations. The shift to managing fresh goods in-house is starting to normalize, and the addition of more company-owned distribution centers is anticipated to enhance supply chain efficiency.

In the second quarter of 2024, Dollar General Corporation (NYSE:DG) reported revenue of $10.2 billion, which saw a 4.23% growth from the same period last year. The company is also making progress with its Back to Basics strategy, with the aim of achieving sustainable growth and long-term value for shareholders. In the first six months of the year, the company generated $1.7 billion in operating cash flow. This strong cash flow indicates the company’s ability to support and potentially increase dividend payments.

Dollar General Corporation (NYSE:DG) has been growing its dividends consistently for the past five years. The company’s quarterly dividend comes in at $0.59 per share and has a dividend yield of 2.94%, as of September 4.

Insider Monkey’s database of Q2 2024 showed that 42 hedge funds owned stakes in Dollar General Corporation (NYSE:DG), compared with 49 in the previous quarter. Their collective stake value is over $1.5 billion.

Overall, Dollar General Corporation (NYSE:DG) ranks first on our list. While we acknowledge the potential for DG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. 

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Disclosure: None. This article is originally published at Insider Monkey.