Lowe’s sets quarterly dividend at $1.15 per share

MOORESVILLE, N.C. - Lowe’s Companies, Inc. (NYSE: LOW) announced that its board of directors has declared a quarterly cash dividend. The dividend is set at $1.15 per share and is scheduled to be paid on May 7, 2025, to shareholders who are on record as of April 23, 2025. According to InvestingPro data, Lowe’s has maintained dividend payments for 55 consecutive years and has raised its dividend for 41 straight years, offering investors a current yield of 2.03%.

Lowe’s, a leading home improvement company, operates over 1,700 stores across the United States. The company, which is part of the FORTUNE® 50 list, reported sales exceeding $83 billion for the fiscal year 2024, maintaining a healthy gross profit margin of 33.32%. With a market capitalization of $126.77 billion, Lowe’s serves around 16 million customers weekly and employs approximately 300,000 associates. InvestingPro analysis indicates the stock is currently trading near its 52-week low, with an overall financial health score rated as GOOD.

The company is known for its commitment to community support through various programs. These initiatives focus on safe, affordable housing, improving community spaces, fostering the next generation of skilled trade experts, and providing disaster relief.

This dividend declaration follows Lowe’s consistent practice of returning value to its shareholders. Investors holding shares of Lowe’s stock can expect the payment in early May, as the company continues its financial strategies amidst the retail and home improvement market activities.

The announcement is based on a press release statement from Lowe’s Companies, Inc. and reflects the company’s ongoing financial policies. Lowe’s has a history of regular dividend payments, and this latest declaration is in line with its established pattern of shareholder returns.

Investors interested in Lowe’s financial activities can note the upcoming dividend date as a significant event in the company’s 2025 fiscal calendar. The dividend yield and performance relative to the market will continue to be a point of observation for shareholders and market analysts alike.

In other recent news, Lowe’s Companies Inc. reported a robust fourth-quarter performance, surpassing expectations and providing guidance that met analysts’ projections. Despite this positive outcome, RBC Capital Markets adjusted its price target for Lowe’s from $292.00 to $285.00, citing weather conditions as a factor for softer first-quarter guidance. Piper Sandler also revised its price target down to $296.00, maintaining an Overweight rating, while Loop Capital reduced its target to $295.00 but retained a Buy rating. Cowen maintained a Hold rating with a steady price target of $270.00, highlighting Lowe’s growth in the professional contractor segment despite challenges in the DIY sector.

DA Davidson kept a Neutral rating with a $270.00 price target, noting Lowe’s first positive comparable store sales since the third quarter of 2023. Analysts have pointed out that macroeconomic indicators such as mortgage refinancing and home equity line of credit activities have been improving, which could positively impact Lowe’s sales in the future. RBC Capital adjusted its earnings per share forecasts for upcoming fiscal years, reflecting a more cautious outlook. Similarly, Piper Sandler and Loop Capital expressed confidence in Lowe’s long-term growth prospects, driven by strategic initiatives and investments in the professional customer segment.

Overall, while analysts have made some downward adjustments to price targets and forecasts, the consensus indicates that Lowe’s is strategically positioned to capture market opportunities, particularly in the professional sector, despite current economic challenges.

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