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home / news releases / lowe s own it don t trade it


LOW - Lowe's: Own It Don't Trade It

2024-05-21 15:24:04 ET

Summary

  • Lowe's has repurchased 42% of its outstanding shares in the past decade, making it an aggressive buyback company.
  • The company has a Dividend King status with 60 consecutive years of dividend hikes and a low payout ratio.
  • Despite economic headwinds and a drop in comparable store sales, Lowe's strategic initiatives in the Pro segment and online sales provide potential for long-term gains.

Introduction

42%.

That's the percentage of the outstanding shares Lowe's Companies, Inc. ( LOW ) has bought back over the past ten years alone, making it one of the most aggressive repurchasers on the market.

Data by YCharts

It also has Dividend King status, having hiked its dividend for 60 consecutive years!

However, instead of having a slow growth profile, the company's 1.9% yield is protected by a low 30% payout ratio and comes with a five-year CAGR of 18.0%, making it one of the best dividend growth stocks as well....

For further details see:

Lowe's: Own It, Don't Trade It
Stock Information

Company Name: Lowe's Companies Inc.
Stock Symbol: LOW
Market: NYSE

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