Lowe’s Companies, Inc. (LOW) to Distribute Quarterly Dividend of $0.55 on February 5th

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Lowe’s Companies, Inc. (NYSE:LOW) declared a quarterly dividend on Friday, November 8th, RTT News reports. Stockholders of record on Wednesday, January 22nd will be paid a dividend of 0.55 per share by the home improvement retailer on Wednesday, February 5th. This represents a $2.20 annualized dividend and a dividend yield of 1.93%.

Shares of NYSE LOW opened at $114.00 on Friday. The firm’s 50-day moving average price is $110.71 and its 200-day moving average price is $105.70. Lowe’s Companies has a 1-year low of $84.75 and a 1-year high of $118.23. The firm has a market capitalization of $86.60 billion, a P/E ratio of 22.18, a P/E/G ratio of 1.47 and a beta of 1.29. The company has a current ratio of 1.06, a quick ratio of 0.19 and a debt-to-equity ratio of 7.80.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 21st. The home improvement retailer reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.15. Lowe’s Companies had a net margin of 3.52% and a return on equity of 111.09%. The firm had revenue of $20.99 billion for the quarter, compared to analyst estimates of $20.96 billion. During the same quarter in the prior year, the business earned $2.07 earnings per share. The business’s quarterly revenue was up .5% compared to the same quarter last year. Equities research analysts forecast that Lowe’s Companies will post 5.67 EPS for the current year.

Several equities analysts have recently weighed in on the stock. Morgan Stanley upped their price objective on shares of Lowe’s Companies from $123.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Piper Jaffray Companies upgraded shares of Lowe’s Companies from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $113.00 to $130.00 in a report on Tuesday, October 15th. Telsey Advisory Group upped their price objective on shares of Lowe’s Companies from $116.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Wolfe Research lowered shares of Lowe’s Companies from an “outperform” rating to a “market perform” rating and set a $118.00 price objective on the stock. in a report on Tuesday, October 8th. Finally, Raymond James lowered shares of Lowe’s Companies from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Six research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $123.20.

In other Lowe’s Companies news, CAO Matthew V. Hollifield sold 12,136 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $112.34, for a total value of $1,363,358.24. Following the completion of the sale, the chief accounting officer now directly owns 28,017 shares of the company’s stock, valued at approximately $3,147,429.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jennifer L. Weber sold 12,589 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $112.62, for a total transaction of $1,417,773.18. Following the completion of the sale, the executive vice president now directly owns 17,440 shares of the company’s stock, valued at $1,964,092.80. The disclosure for this sale can be found here. Corporate insiders own 0.07% of the company’s stock.

About Lowe’s Companies

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

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Dividend History for Lowe`s Companies (NYSE:LOW)

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