Lowe's Raises Quarterly Dividend by 14.6% to 55 Cents
May 31 2019 - 11:01AM
Dow Jones News
By Colin Kellaher
Lowe's Cos. (LOW) on Friday said its board raised the quarterly
dividend by 14.6% to 55 cents from 48 cents.
The new payout, equal to $2.20 a year, represents an annual
yield of about 2.34% based on Thursday's closing price of $93.88,
up from about 2.05%.
The Mooresville, N.C., home-improvement retailer said the
increased dividend is payable Aug. 7 to shareholders of record July
24.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
May 31, 2019 10:46 ET (14:46 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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