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.
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....
Lowe's: Own It, Don't Trade It