Summary: Dollar General is one of the oldest variety store chains in the US. In this guide, you will learn how to buy Dollar General stock on an online investment platform such as eToro.
About Dollar General
Dollar General (NYSE: DG) is a chain of variety stores in the United States offering a wide range of merchandise, including household essentials, groceries, health and beauty products, cleaning supplies, and seasonal items. As of 2024, Dollar General boasts almost 20,000 stores across the continental United States and Mexico.
How to buy Dollar General stock: Step-by-step
Dollar General is a Fortune 500 and S&P 500 company traded on the New York Stock Exchange (NYSE) under the ticker symbol DG. As of February 2024, the company has a market cap of ~$31 billion and a dividend yield of ~1.66%. To buy Dollar General stock, simply:
- Find a broker: Find a brokerage platform that lists the DG stock;
- Register and fund your account;
- Place a trade: Find DG shares on the broker’s platform and place a trade;
- Monitor your investment.
Step 1: Find a broker
To start investing in Dollar General, you will need to find a broker that lists its shares.
Our go-to brokerage is eToro, a leading trading platform with millions of daily users and investing features such as:
- Commission-free stock and ETF trading;
- Over 2,000 stocks from 17 different exchanges;
- Fractional shares;
- Charting tools;
- User-friendly platform.
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Step 2: Fund your account
After selecting a brokerage, you can create an account by following the registration steps provided by the platform. If required, provide a valid ID document for identity verification.
Once your account setup is complete, you can add funds by transferring money from your bank account. Various funding options may be available depending on the platform, such as:
- Bank transfers;
- Credit/debit cards;
- e-wallets;
- Third-party payment systems like PayPal.
Step 3: Place a trade
Finally, you can buy Dollar General stock by following these simple steps:
- Log in on your broker’s trading platform;
- Find DG shares;
- Specify the number of shares you wish to buy (or the dollar amount you wish to invest);
- Select order type (i.e., market, limit, stop-loss, etc.);
- Review all the details again;
- Execute the trade.
Step 4: Monitor your investment
Once you’ve executed your trades, it’s essential to actively monitor your investment’s performance. You can get a good head start by utilizing the charts and market analysis tools available on your brokerage platform to track stock price movements and stay informed about the status of your portfolio.
If necessary, consider seeking guidance from seasoned investors by following analysts on social media or utilizing copy trading features offered by your brokerage platform. These features enable you to replicate the trading strategies of established and successful investors, aiding you in navigating the market even with limited prior experience.
Dollar General stock price today
Is Dollar General stock a buy or sell?
Determining whether to purchase or sell Dollar General shares relies on several factors, such as your investment goals, prevailing market and industry trends, and the financial health of the company.
Before finalizing any investment decisions, it’s crucial to acknowledge the inherently volatile nature of stock markets. That is, you should rely on comprehensive fundamental analysis and diligent research to make well-informed choices.
Moreover, relying on technical analysis to assess historical price movements and chart patterns can provide you with valuable insight, assisting you in making sound decisions as you navigate the investment landscape.
Disclaimer: TradingView does not recommend trading financial instruments based exclusively on the advice of the Technical Rating indicator. These recommendations cannot predict future movements and are meant as assistance for spotting potentially favorable buy/sell conditions if this is consistent with their strategy.
Pros and cons of investing in Dollar General
Pros
- Solid market reach: Dollar General has a solid presence in the US and Mexico;
- Positive outlook: Dollar General stock has been performing well so far in 2024;
- Dividends: The company pays dividends (1.16% as of February 2024).
Cons
- Volatility: DG stock sank 46% in 2023, being one of the worst-performing S&P 500 stocks of the year;
- High debt-to-equity ratio: Dollar General has a high debt-to-equity ratio of 111.5%;
- Competition: Dollar General faces competition from other discount retailers.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Dollar General stock
Who is the largest shareholder of Dollar General?
The largest shareholder of Dollar General is The Vanguard Group.
Does Dollar General pay dividends on its stock?
Yes, Dollar General does pay dividends as of February 2024.
Where to buy Dollar General stock?
You can buy Dollar General stock on stock trading platforms such as eToro.
What is the Dollar General’s stock symbol?
The ticker symbol for Dollar General is DG.
Did Dollar General have a stock split?
Yes, Dollar General stock has had eleven stock splits.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
