Contrary to the old saying, a rising tide doesn't necessarily lift all boats. Consider that the S&P 500 is up 16% so far in 2023 and plenty of individual stocks have done even better this year.

But that would not be true for discount chain Dollar General (NYSE: DG). Its shares have cratered an eye-watering 50% so far in 2023, and they now trade at a price-to-earnings ratio of just 12.7. That's the cheapest the stock has sold for at any point in the past decade. 

The low valuation and solid history of rising dividends mean that investors should take a closer look at Dollar General as a top stock to buy on the dip right now. 

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Source Fool.com