Shares of Dollar General soared 17% after the release of the report for the quarter

Macy's M $19.09 -1,19% Buy Target TGT$146.5 +4,05% Buy DOLLAR General DG$243.61 +1,28% Buy

Shares of the American retailer Dollar General immediately soared 17.46% to $229.45 per share. As of 18:14, the shares have partially lost growth, reaching $219.17. This is evidenced by trading data on the New York Stock Exchange.

Quotes began to rise after the publication of Dollar General operating results for the first quarter of the 2022 financial year, which ended on April 29. The retailer's net sales increased by 4.17% to $8.75 billion from $8.4 billion in the same quarter of 2021. Net income was $552.6 million, down 18.46% from $677.7 million a year earlier. The Board of Directors of Dollar General declared a quarterly cash dividend   of $0.55 per share.

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Dividends are the portion of profits or free cash flow (FCF) that a company pays out to shareholders. The payout amount depends on the dividend policy. Their periodicity is also spelled out there - once a year, every half year or quarter. There are companies that do not pay dividends, but direct profits to business development or simply do not have the opportunity due to poor results. Stocks of dividend companies are most often of interest to investors who want to achieve financial independence or secure a decent standard of living in retirement. With the help of dividends, they create a source of passive income for themselves. More