Lowe’s Dividend Increase
Lowe’s (LOW) increased its quarterly dividend by 4.55%, from $1.10 to $1.15 per
share.
share.
The dividend will be paid on 7 August to shareholders of record on 24 July.
The ex-dividend date is 24 July.
The ex-dividend date is 24 July.
LOW’s contribution to DivGro’s projected annual dividend income
will increase by $20 to $460.
I own 100 shares of LOW at an average cost basis of $92.50 per share. Following this increase, my yield on cost
is 4.97%. (LOW’s forward yield is 2.11% at $218.10 per share).
Since I opened my LOW position in April 2018, the stock has produced
annualized total returns of 27%, including $1,758 in dividend
income.
LOW became DivGro’s 34th Home Run stock in February 2021, when the stock
doubled my original capital outlay.
doubled my original capital outlay.
5-Year History of Dividend Payouts by Ex-Date
| 2019 | 2020 | 2021 | 2022 | 2023 | • | 2024 |
| $2.06 | $2.25 | $2.80 | $3.70 | $4.30 | ⬆ | $4.50✝ |
| 15.73% | 9.22% | 24.44% | 32.14% | 16.22% | ⬇ | 4.65% |
| 5-year DGR: | 19.29% | ⬇ | 16.91% | |||
✝projected, assuming no further changes
