LOW Raises Quarterly Cash Dividend 4.2% to $1.25 Per Share
What happened
Lowe's Companies (LOW) declared a quarterly cash dividend of $1.25 per share, up from the prior $1.20 per share. The increase represents a 4.2% raise and brings the annualized payout to $5.00 per share. The dividend is payable to shareholders of record as of the established record date. Lowe's has maintained a multi-decade streak of consecutive annual dividend increases, placing it among a select group of S&P 500 dividend growers.
The QL Read
QuantLogix composite score reads 51/100 with LOW trading at $217.36, off 0.36% on the session. A forward item to monitor is whether the upcoming earnings report shows free-cash-flow trends consistent with the raised payout.
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