Lowe's Board Approves Quarterly Cash Dividend, Continuing Strong Shareholder Returns

Lowe's Companies, Inc. (NYSE: LOW), a leading home improvement retailer, today announced a significant declaration from its Board of Directors: a quarterly cash dividend of one dollar and fifteen cents ($1.15) per share. This declaration underscores the company's steadfast commitment to delivering consistent shareholder value and reflects its robust financial performance.

The approved cash dividend is specifically for Lowe's common stock.

Shareholders of record at the close of business on July 24, 2024, will be eligible to receive this payment. The actual dividend distribution is scheduled to be made on August 7, 2024, ensuring a timely return to investors who hold shares by the record date.

This latest dividend payment marks a remarkable milestone for Lowe's, as it represents the company's 230th consecutive quarterly cash dividend.

Such a long-standing track record of consistent payouts highlights Lowe's enduring financial strength, operational resilience, and disciplined capital allocation strategy, which prioritizes returns for its dedicated shareholder base.

Lowe's Companies, Inc. is a Fortune 50 company, serving over 17 million customers weekly across the United States and Canada.

Operating approximately 1,700 home improvement stores, Lowe's plays a crucial role in empowering homeowners and professionals alike with the products and services they need for their projects. The company reported impressive sales of $86.4 billion for its fiscal year 2023, showcasing its significant market presence and ongoing success within the retail sector.

The continued declaration of a substantial cash dividend reinforces Lowe's position as an attractive investment for those seeking stable returns and a company with a proven history of shareholder-friendly policies.

Investors can view this announcement as a positive indicator of management's confidence in the company's future earnings and overall financial health.