Lowe’s Dividend Increase
On May 29, Lowe’s (LOW) increased its dividend by 4.17%, from $1.20 to $1.25 per share.
The dividend is payable on August 5 to shareholders of record on July 22.
LOW’s contribution to DivGro’s projected annual dividend income will increase by $15 to $375.
Created by the author
I own 75 shares of LOW at an average cost basis of $92.50 per share. Following this increase, my yield on cost is 5.41%. (The stock’s forward yield is 2.23% at $215.03 per share.)
Since I opened my position in April 2018, the stock has delivered a total return of 163%, including $2,106 in dividends. That’s a splendid annualized rate of return of 13.6%!
LOW became DivGro’s 34th Home Run stock in February 2021, when it doubled my original capital outlay.
5-Year History of Dividend Payouts by Ex-Date
| 2021 | 2022 | 2023 | 2024 | 2025 | • | 2026 |
| $2.800 | $3.700 | $4.300 | $4.500 | $4.700 | ⬆ | $4.900✝ |
| – | 32.14% | 16.22% | 4.65% | 4.44% | ⬇ | 4.26% |
| 5-year DGR: | 15.87% | ⬇ | 11.84% | |||
✝projected, assuming no further changes
Created by the author
My quality model marks LOW at 6.6. Simply Safe Dividends rates LOW’s dividend as Very Safe at 93, the top tier of their five-band scale. On the Credit factor, LOW scores 2.8.
Thanks for Reading!
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