Lowe's Companies, Inc. (NYSE:LOW) Shareholders to Get $1.25 Quarterly Dividend

Key Points

• Lowe’s declared a quarterly dividend of $1.25 per share, payable November 4 to shareholders of record on October 21. The annualized dividend is $5.00 per share, yielding approximately 2.5%.
• The company has raised its dividend for 53 consecutive years, with a payout ratio of 37.5%, indicating the dividend is currently well covered by earnings.
• Lowe’s recently reported adjusted EPS of $4.40, beating estimates of $4.22, while quarterly revenue rose 8.3% year over year to $25.96 billion.

Lowe's Companies, Inc. (NYSE:LOW - Get Free Report) declared a quarterly dividend on Friday, August 28th. Shareholders 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 increased its dividend every year for the last 53 years. Lowe's Companies has a payout ratio of 37.5% indicating that its dividend is sufficiently covered by earnings. Equities 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

Shares of LOW stock 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 stock has a market capitalization of $110.65 billion, a PE ratio of 16.67, a PEG ratio of 1.65 and a beta of 0.89. The stock's fifty day moving average is $199.44 and its 200-day moving average is $214.70.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $25.96 billion during the quarter, compared to analysts' expectations of $26.13 billion. Lowe's Companies had a negative return on equity of 75.67% and a net margin of 7.34%. The firm's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business posted $4.33 earnings per share. Lowe's Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, analysts forecast that Lowe's Companies will post 12.26 earnings per share for the current fiscal year.

Institutional Trading of Lowe's Companies

A number of institutional investors have recently bought and sold shares of the business. Robertson Stephens Wealth Management LLC boosted its holdings in shares of Lowe's Companies by 20.7% during the third quarter. Robertson Stephens Wealth Management LLC now owns 3,158 shares of the home improvement retailer's stock worth $582,000 after acquiring an additional 541 shares during the period. Frank Rimerman Advisors LLC grew its position in shares of Lowe's Companies by 3.5% in the third quarter. Frank Rimerman Advisors LLC now owns 5,153 shares of the home improvement retailer's stock valued at $950,000 after purchasing an additional 175 shares during the last quarter. USA Financial Formulas bought a new position in shares of Lowe's Companies during the third quarter worth approximately $164,000. CWS Financial Advisors LLC increased its stake in shares of Lowe's Companies by 29.7% during the third quarter. CWS Financial Advisors LLC now owns 1,355 shares of the home improvement retailer's stock worth $250,000 after purchasing an additional 310 shares during the period. Finally, Kintegral Advisory LLC lifted its holdings in Lowe's Companies by 0.6% during the 3rd quarter. Kintegral Advisory LLC now owns 20,280 shares of the home improvement retailer's stock worth $3,737,000 after purchasing an additional 114 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

About Lowe's Companies

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.

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