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

Lowe’s Companies, Inc. (NYSE:LOW) announced a quarterly dividend on Friday, May 29th. Stockholders of record on Wednesday, July 22nd will be given 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 raised its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 53 consecutive years. Lowe’s Companies has a dividend payout ratio of 36.0% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance

Shares of Lowe’s Companies stock traded down $3.47 during trading on Friday, hitting $214.45. 3,623,228 shares of the company’s stock were exchanged, compared to its average volume of 2,817,521. The stock has a market capitalization of $120.11 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 4.70 and a beta of 0.91. The business has a 50-day simple moving average of $232.82 and a 200-day simple moving average of $247.59. Lowe’s Companies has a 52-week low of $208.00 and a 52-week high of $293.06.

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