RTH - What's Going On With Home Retailer Lowe's Shares After Raising Dividend By 5%? | Benzinga
Lowe’s Companies, Inc. (NYSE:LOW) shares are trading slightly higher on Friday.
The company has declared a quarterly cash dividend of $1.15 per share, payable Aug. 7 to shareholders of record as of July 24.
This represents a 5% increase over the company’s previous dividend of $1.10 per share.
“Today’s dividend increase reflects the Board’s confidence in our growth strategy and commitment to disciplined capital allocation that delivers long-term shareholder value,” said Marvin R. Ellison, Lowe’s chairman, president and CEO.
Last week, ...