Lowe’s Companies, Inc. (LOW) to Issue Quarterly Dividend of $1.25 on August 5th

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 2.4%. The ex-dividend date of this dividend 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 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 $13.47 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 37.1%.

Lowe’s Companies Trading Down 0.1%

NYSE LOW opened at $208.57 on Monday. The stock has a market cap of $116.95 billion, a P/E ratio of 17.63, a PEG ratio of 2.64 and a beta of 0.86. The company’s fifty day simple moving average is $217.04 and its 200-day simple moving average is $241.56. Lowe’s Companies has a 52 week low of $203.40 and a 52 week high of $293.06.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.06. The firm 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.92 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. On average, research analysts expect that Lowe’s Companies will post 12.48 EPS for the current fiscal year.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Juliette Williams Pryor sold 9,330 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $224.81, for a total transaction of $2,097,477.30. Following the completion of the transaction, the executive vice president directly owned 16,142 shares of the company’s stock, valued at approximately $3,628,883.02. This represents a 36.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Margrethe R. Vagell sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $223.83, for a total value of $559,575.00. Following the completion of the sale, the executive vice president directly owned 20,220 shares in the company, valued at approximately $4,525,842.60. This trade represents a 11.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 25,980 shares of company stock worth $5,796,937 over the last ninety days. Company insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On Lowe’s Companies

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Lowe’s Companies by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 56,230,787 shares of the home improvement retailer’s stock worth $13,560,617,000 after purchasing an additional 924,625 shares in the last quarter. State Street Corp lifted its holdings in Lowe’s Companies by 0.5% in the third quarter. State Street Corp now owns 25,036,276 shares of the home improvement retailer’s stock worth $6,291,867,000 after purchasing an additional 124,501 shares during the period. Geode Capital Management LLC grew its position in Lowe’s Companies by 7.1% in the 4th quarter. Geode Capital Management LLC now owns 13,326,581 shares of the home improvement retailer’s stock valued at $3,201,329,000 after buying an additional 887,579 shares in the last quarter. Norges Bank acquired a new position in Lowe’s Companies during the 4th quarter valued at about $1,993,697,000. Finally, Northern Trust Corp increased its stake in Lowe’s Companies by 1.5% during the 3rd quarter. Northern Trust Corp now owns 6,830,080 shares of the home improvement retailer’s stock valued at $1,716,467,000 after buying an additional 103,827 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

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.