3 Quality Stocks Hiding Inside Your Local Dollar General

Dividends Forever
4 min readSep 6, 2023

Dollar General is one of the largest retail chains in America.

The company operates over 17,000 stores, primarily catering to rural customers.

75% of Americans live within 5 miles of a Dollar General, so there’s a good chance you’ve shopped here before. And in today’s article, I want to find three high-quality dividend stocks hidden within Doller General’s shelves.

Additionally, each of these investments has to be an established company, selling essential products that millions of people use every day.

1. The Hershey Company ($HSY)

The Hershey Company is a massive candy conglomerate. They produce the iconic Hershey’s chocolate bar, Jolly Rancher hard candies, Reese’s, Bubble Yum, Ice Breakers, and Good & Plenty.

If you enjoy candy, there’s a high chance you enjoy at least one Hershey product.

The Hershey Company is an established business with 13 years of steady dividend growth. And while the stock trades at a premium price to earnings ratio of 22.48, it’s a safe consumer staple play.

Hershey offers a starting dividend yield of 2.22%, a 9.84% 5-year compound annual dividend growth rate. And, a safe payout ratio of 45.24%.

Hershey’s stock is down -5.76% year-to-date, while still delivering a 10-year average annual total return of 11.36%. People have enjoyed Hershey’s products for over 100 years. And this is a safe, buy-and-hold investment with inflation-beating dividend growth.

2. The Procter & Gamble Company ($PG)

If you ever want a physical representation of The Procter & Gamble Company’s size, walk around your local supermarket and look at all the categories they occupy.

In Dollar General, you can find Procter & Gamble deodorants (like Old Spice and Secret), shampoos…

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