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LOW - A Brief History Of Dividend Aristocrat Crashes
Lowe's Companies Inc.
When 3M (MMM) released poor earnings and lowered forward guidance on April 25th, the stock responded with a 13% single-day decline, its largest drop since the Black Monday stock market crash in October 1987. The former Minnesota Manufacturing & Mining Company has paid increasing dividends for sixty straight years, one of the longest histories among the Dividend Aristocrats. As long-time readers know, the Dividend Aristocrats are a group of companies that have paid increasing dividends to shareholder for at least a quarter of a century. This group has collectively strongly outperformed the market