Lowe’s Companies, Inc. (LOW) To Go Ex-Dividend on January 21st

by · The Cerbat Gem

Lowe’s Companies, Inc. (NYSE:LOW – Get Free Report) declared a quarterly dividend on Friday, November 14th. Stockholders of record on Wednesday, January 21st will be given a dividend of 1.20 per share by the home improvement retailer on Wednesday, February 4th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, January 21st.

Lowe’s Companies has raised its dividend by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 53 years. Lowe’s Companies has a dividend payout ratio of 36.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Lowe’s Companies to earn $12.54 per share next year, which means the company should continue to be able to cover its $4.80 annual dividend with an expected future payout ratio of 38.3%.

Lowe’s Companies Trading Up 0.2%

Shares of Lowe’s Companies stock opened at $277.66 on Monday. Lowe’s Companies has a 12-month low of $206.38 and a 12-month high of $278.44. The company has a market cap of $155.75 billion, a P/E ratio of 23.02, a PEG ratio of 4.60 and a beta of 0.96. The company’s fifty day simple moving average is $245.03 and its two-hundred day simple moving average is $244.63.

Lowe’s Companies (NYSE:LOW – Get Free Report) last posted its earnings results on Wednesday, November 26th. The home improvement retailer reported $3.06 EPS for the quarter, topping the consensus estimate of $2.97 by $0.09. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The firm had revenue of $20.81 billion during the quarter, compared to analysts’ expectations of $20.88 billion. During the same period last year, the company posted $2.89 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. Analysts predict that Lowe’s Companies will post 11.9 EPS for the current fiscal year.

About Lowe’s Companies

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Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.

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