Lowe's Companies, Inc., together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, lighting, and electrical. It also offers installation services through independent contractors in various product categories; extended protection plans; and in-warranty and out-of-warranty repair services. The company sells its national brand-name merchandise and private brand products to homeowners, renters, and professional customers. As of January 28, 2022, it operated 1,971 home improvement and hardware stores. The company also sells its products through websites comprising Lowes.com and Lowesforpros.com; and through mobile applications. Lowe's Companies, Inc. was founded in 1921 and is based in Mooresville, North Carolina.
Lowe's Dividend Announcement
• Lowe's announced a quarterly dividend of $1.15 per ordinary share which will be made payable on 2024-11-06. Ex dividend date: 2024-10-23
• Lowe's annual dividend for 2024 was $4.50
• Lowe's annual dividend for 2023 was $4.30
• Lowe's's trailing twelve-month (TTM) dividend yield is 2.08%
• Lowe's's payout ratio for the trailing twelve months (TTM) is 36.59%
• Lowe's's dividend growth over the last five years (2018-2023) was 19.29% year
• Lowe's's dividend growth over the last ten years (2013-2023) was 20.25% year
Lowe's Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-23 | $1.15 | quarterly | 2024-11-06 |
2024-07-24 | $1.15 | quarterly | 2024-08-07 |
2024-04-23 | $1.10 | quarterly | 2024-05-08 |
2024-01-23 | $1.10 | quarterly | 2024-02-07 |
2023-10-24 | $1.10 | quarterly | 2023-11-08 |
2023-07-25 | $1.10 | quarterly | 2023-08-09 |
2023-04-25 | $1.05 | quarterly | 2023-05-10 |
2023-01-24 | $1.05 | quarterly | 2023-02-08 |
2022-10-18 | $1.05 | quarterly | 2022-11-02 |
2022-07-19 | $1.05 | quarterly | 2022-08-03 |
2022-04-19 | $0.80 | quarterly | 2022-05-04 |
2022-01-18 | $0.80 | quarterly | 2022-02-02 |
2021-10-19 | $0.80 | quarterly | 2021-11-03 |
2021-07-20 | $0.80 | quarterly | 2021-08-04 |
2021-04-20 | $0.60 | quarterly | 2021-05-05 |
2021-01-19 | $0.60 | quarterly | 2021-02-03 |
2020-10-20 | $0.60 | quarterly | 2020-11-04 |
2020-07-21 | $0.55 | quarterly | 2020-08-05 |
2020-04-21 | $0.55 | quarterly | 2020-05-06 |
2020-01-21 | $0.55 | quarterly | 2020-02-05 |
2019-10-22 | $0.55 | quarterly | 2019-11-06 |
2019-07-23 | $0.55 | quarterly | 2019-08-07 |
2019-04-23 | $0.48 | quarterly | 2019-05-08 |
2019-01-22 | $0.48 | quarterly | 2019-02-06 |
2018-10-23 | $0.48 | quarterly | 2018-11-07 |
2018-07-24 | $0.48 | quarterly | 2018-08-08 |
2018-04-24 | $0.41 | quarterly | 2018-05-09 |
2018-01-23 | $0.41 | quarterly | 2018-02-07 |
2017-10-24 | $0.41 | quarterly | 2017-11-08 |
2017-07-24 | $0.41 | quarterly | 2017-08-09 |
2017-04-24 | $0.35 | quarterly | 2017-05-10 |
2017-01-23 | $0.35 | quarterly | 2017-02-08 |
2016-10-17 | $0.35 | quarterly | 2016-11-02 |
2016-07-18 | $0.35 | quarterly | 2016-08-03 |
2016-04-18 | $0.28 | quarterly | 2016-05-04 |
2016-01-15 | $0.28 | quarterly | 2016-02-03 |
2015-10-19 | $0.28 | quarterly | 2015-11-04 |
2015-07-20 | $0.28 | quarterly | 2015-08-05 |
2015-04-20 | $0.23 | quarterly | 2015-05-06 |
2015-01-16 | $0.23 | quarterly | 2015-02-04 |
2014-10-20 | $0.23 | quarterly | 2014-11-05 |
2014-07-21 | $0.23 | quarterly | 2014-08-06 |
2014-04-21 | $0.18 | quarterly | 2014-05-07 |
2014-01-17 | $0.18 | quarterly | 2014-02-05 |
2013-10-21 | $0.18 | quarterly | 2013-11-06 |
2013-07-22 | $0.18 | quarterly | 2013-08-07 |
2013-04-22 | $0.16 | quarterly | 2013-05-08 |
2013-01-18 | $0.16 | quarterly | 2013-02-06 |
Lowe's Dividend per year
Lowe's Dividend growth
Lowe's Dividend Yield
Lowe's current trailing twelve-month (TTM) dividend yield is 2.08%. Interested in purchasing Lowe's stock? Use our calculator to estimate your expected dividend yield:
Lowe's Financial Ratios
Lowe's Dividend FAQ
Other factors to consider when evaluating Lowe's as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Lowe's's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Lowe's publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Lowe's distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Lowe's are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Lowe's sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Lowe's distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Lowe's declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Lowe's's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Lowe's's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.