Lowe’s Companies, Inc. (NYSE:LOW) Declares Quarterly Dividend of $1.25

Lowe’s Companies, Inc. (NYSE:LOW) declared a quarterly dividend on Friday, August 28th. Investors of record on Wednesday, October 21st will be given a dividend of $1.25 per share by the home improvement retailer on Wednesday, November 4th. This represents a $5.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Wednesday, October 21st.

Lowe’s Companies has raised its dividend 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 payout ratio of 37.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Lowe’s Companies to earn $13.03 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 38.4%.

Lowe’s Companies Stock Performance

NYSE:LOW opened at $197.22 on Monday. Lowe’s Companies has a 52 week low of $178.45 and a 52 week high of $293.06. The firm’s 50-day simple moving average is $199.44 and its 200 day simple moving average is $214.70. The firm has a market cap of $110.65 billion, a price-to-earnings ratio of 16.67, a P/E/G ratio of 1.65 and a beta of 0.89.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.22 by $0.18. Lowe’s Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The firm had revenue of $25.96 billion during the quarter, compared to the consensus estimate of $26.13 billion. During the same quarter in the previous year, the firm posted $4.33 EPS. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Sell-side analysts anticipate that Lowe’s Companies will post 12.26 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on LOW shares. Sanford C. Bernstein dropped their price target on shares of Lowe’s Companies from $261.00 to $254.00 and set an “outperform” rating for the company in a research report on Wednesday, September 9th. JPMorgan Chase & Co. cut their price target on Lowe’s Companies from $279.00 to $252.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Evercore set a $190.00 price target on Lowe’s Companies in a research report on Tuesday, October 6th. Piper Sandler lowered their price objective on Lowe’s Companies from $276.00 to $274.00 and set an “overweight” rating on the stock in a research note on Thursday, August 13th. Finally, Wells Fargo & Company dropped their price objective on Lowe’s Companies from $255.00 to $245.00 and set an “overweight” rating for the company in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average price target of $254.29.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and commercial customers across the United States. The company sells products for home construction, maintenance, repair, remodeling and improvement through its stores and digital platforms.

Its merchandise includes appliances, tools, hardware, lumber, building materials, electrical and plumbing supplies, paint, flooring, kitchen and bathroom products, outdoor living items, lawn and garden products, and seasonal merchandise.