Lowe’s Companies, Inc. (LOW) To Go Ex-Dividend on April 22nd

Lowe’s Companies, Inc. (NYSE:LOW) announced a quarterly dividend on Thursday, March 19th. Stockholders of record on Wednesday, April 22nd will be given a dividend of 1.20 per share by the home improvement retailer on Wednesday, May 6th. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, April 22nd.

Lowe’s Companies has increased its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 53 consecutive years. Lowe’s Companies has a payout ratio of 36.0% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

NYSE:LOW opened at $251.62 on Monday. The firm has a market capitalization of $140.92 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 5.47 and a beta of 0.97. Lowe’s Companies has a 1 year low of $210.33 and a 1 year high of $293.06. The business has a 50 day simple moving average of $252.45 and a 200-day simple moving average of $249.69.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.04. The business had revenue of $20.59 billion during the quarter, compared to analyst estimates of $20.34 billion. Lowe’s Companies had a negative return on equity of 61.40% and a net margin of 7.71%.The company’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period last year, the company earned $1.93 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. As a group, analysts expect that Lowe’s Companies will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Company Profile

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.