Lowe’s Companies, Inc. (NYSE:LOW) Raises Dividend to $1.25 Per Share

Lowe’s Companies, Inc. (NYSE:LOW) announced a quarterly dividend on Friday, May 29th. Investors of record on Wednesday, July 22nd will be paid a dividend of 1.25 per share by the home improvement retailer on Wednesday, August 5th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Wednesday, July 22nd. This is a 4.2% increase from Lowe’s Companies’s previous quarterly dividend of $1.20.

Lowe’s Companies has increased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 53 consecutive years. Lowe’s Companies has a dividend payout ratio of 36.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Lowe’s Companies to earn $13.50 per share next year, which means the company should continue to be able to cover its $4.80 annual dividend with an expected future payout ratio of 35.6%.

Lowe’s Companies Trading Down 1.6%

Shares of LOW stock opened at $214.45 on Friday. The stock has a market capitalization of $120.11 billion, a P/E ratio of 18.13, a PEG ratio of 2.75 and a beta of 0.91. The firm’s 50 day moving average is $232.49 and its 200 day moving average is $247.36. Lowe’s Companies has a 12 month low of $208.00 and a 12 month high of $293.06.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.06. The company had revenue of $23.08 billion for the quarter, compared to analysts’ expectations of $22.98 billion. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. Lowe’s Companies’s revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.92 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. On average, equities analysts predict that Lowe’s Companies will post 12.5 EPS for the current year.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.