Lowe’s Companies, Inc. (LOW) To Go Ex-Dividend on October 22nd

Lowe’s Companies, Inc. (NYSE:LOW) declared a quarterly dividend on Friday, August 29th, RTT News reports. Investors of record on Wednesday, October 22nd will be paid a dividend of 1.20 per share by the home improvement retailer on Wednesday, November 5th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, October 22nd.

Lowe’s Companies has a payout ratio of 34.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Lowe’s Companies to earn $12.54 per share next year, which means the company should continue to be able to cover its $4.60 annual dividend with an expected future payout ratio of 36.7%.

Lowe’s Companies Stock Up 0.7%

Shares of LOW stock opened at $244.81 on Monday. The stock has a market cap of $137.30 billion, a P/E ratio of 20.12, a PEG ratio of 2.27 and a beta of 0.88. Lowe’s Companies has a 52 week low of $206.38 and a 52 week high of $282.70. The company’s fifty day simple moving average is $255.21 and its two-hundred day simple moving average is $234.78.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.09. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The firm had revenue of $23.96 billion for the quarter, compared to analysts’ expectations of $23.99 billion. During the same period in the prior year, the company earned $4.10 EPS. The business’s revenue was up 1.6% compared to the same quarter last year. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, analysts anticipate that Lowe’s Companies will post 11.9 EPS for the current fiscal year.

About Lowe’s Companies

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