EX-Dividend Schedule: Lowe’s Cos. Has Raised Dividend for 55 Consecutive Years; Will Trade Ex-Dividend on April 24, 2018

LONDON, UK / ACCESSWIRE / April 23, 2018 / Active-Investors has a free review on Lowe’s Cos., Inc. (NYSE: LOW) following the Company’s announcement that it will begin trading ex-dividend on April 24, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on April 23, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on LOW:

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Dividend Declared

On March 23, 2018, Lowe’s Board of Directors declared a quarterly cash dividend of $0.41 per share, payable May 09, 2018, to shareholders of record as of April 25, 2018.

Lowe’s indicated dividend represents a yield of 1.95% compared to the average dividend yield of 2.02% for the Services sector. The Company has raised dividend for fifty-five years in a row.

Dividend Insight

Lowe’s has a dividend payout ratio of 30.0%, which indicates that the Company spends approximately $0.30 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts’ estimates, Lowe’s is forecasted to report earnings of $6.16 for the next year, which is more than three times higher than the Company’s annualized dividend of $1.64 per share.

As of February 02, 2018, Lowe’s cash and cash equivalent totaled $588 million compared to $558 million as on February 03, 2017. For the year ended February 02, 2018, the Company’s net cash provided by operations increased 19% to $322 million compared to $271 million in the year ago same period, due to lower employee incentive compensation payments. The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Recent Development for Lowe’s

On March 26, 2018, Lowe’s announced that Robert A. Niblock plans to retire as Chairman, President, and CEO, after a 25-year career with the Company. The Board of Directors has initiated a search for his successor, and in the interim, Niblock will remain in his current role as Chairman, President, and CEO.

About Lowe’s Cos., Inc.

Lowe’s is a FORTUNE® 50 home improvement company serving more than 18 million customers a week in the United States, Canada, and Mexico. With fiscal year 2017 sales of $68.6 billion, Lowe’s and its related businesses operate or service more than 2,390 home improvement and hardware stores and employ over 310,000 people. Founded in 1946 and based in Mooresville, North Carolina, Lowe’s supports the communities it serves through programs that focus on K-12 public education and community improvement projects.

Stock Performance Snapshot

April 20, 2018 – At Friday’s closing bell, Lowe’s Cos.’s stock fell 1.48%, ending the trading session at $83.62.

Volume traded for the day: 7.54 million shares, which was above the 3-month average volume of 7.29 million shares.

Stock performance in the previous six-month period – up 3.55%; and past twelve-month period – up 0.40%

After last Friday’s close, Lowe’s Cos.’s market cap was at $71.35 billion.

Price to Earnings (P/E) ratio was at 20.32.

The stock has a dividend yield of 1.96%.

The stock is part of the Services sector, categorized under the Home Improvement Stores industry.

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