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Benzinga
Benzinga
Business
Shivani Kumaresan

Lowe's Hikes Dividend By 31%

low- Lowe (Organization) NYSE Wikimedia Commons
  • Lowe's Companies Inc (NYSE:LOW) board of directors has increased the quarterly cash dividend by 31% to $1.05 from the previous quarterly dividend of $0.80 per share.
  • The dividend is payable on August 3, 2022, to shareholders of record as of July 20, 2022.
  • Lowe's has paid a cash dividend every quarter since going public in 1961, and it has increased the dividend for more than 25 consecutive years.
  • The company held $3.8 billion in cash and equivalents as of April 29, 2022.
  • Price Action: LOW shares traded higher by 1.36% at $198.19 on the last check Friday.
  • Photo Via Wikimedia Commons
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