Lowe’s Companies is one of the largest home improvement stores in the United States along with operations in Canada and Mexico. The firm offers home improvement products along with items for repair, remodeling, and maintenance of a home. Its products include a wide range including appliances, hardware, lumber, lighting, pluming, electrical, outdoor living, and power equipment. The company operates over 2,358 home improvement and hardware stores. The company was founded in 1946 and is located in Mooresville, North Carolina.
Lowe’s has maintained a three-year growth rate of dividends of 20.5 percent. Lowe’s currently ranks 2nd in dividend yield within the large cap services, home improvement stores category. The quarterly dividend for the June payment will be $0.41 versus the prior year rate of $0.35 per share. Lowe’s is not a member of our Top 100 Dividend Stocks. (see below).
The dividend will be paid at the new higher rate on August 9, 2017, to shareholders of record at close of business on July 26, 2017. Lowe’s is currently priced at $81.08. Listed in the table below are the quarterly dividend payments since 2010.
Analysis of Lowe’s Companies is based upon our five key criteria for the Top 100 list, which include;
|Dividend Growth (3-7 year avg)||20.4||120|
|S&P Financial Rating||A-||155|
|% Yield||3 Year Div. Growth Rate||7 Year Div. Growth Rate||SPS 2017||P/S Ratio||10 yr P/S Low||10 yr P/S High|
- Lowe’s has paid out a dividend consecutively for the past 37 years.
- Lowe’s maintains an investment grade rating of A-.
- Lowe’s current dividend yield (2.02%) is above its five-year average historical dividend yield.
- Lowe’s maintains a beta of 1.05, higher than the average company.
|Earnings per Share||3.99||3.29||2.67||2.16||1.76|
|Earnings per Share 2017 (projected)||4.64|
Based on the firm’s higher than average beta, moderate yield, and historical price/sales ratio, Lowe’s Companies Inc. sits just outside our Top 100 Dividend Stocks.
LOW Dividend Yield Range, High/Low
|Lowest||1.15%||Mar 24 2015|
|Highest||2.33%||Aug 02 2012|
Chart Explanation: Dividend growth stocks may be viewed undervalued when the current yield is above historical readings for the past 5 years.