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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Lowes Companies Inc | NYSE:LOW | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -4.56 | -1.99% | 224.61 | 231.95 | 221.41 | 231.79 | 5,326,712 | 21:45:29 |
From May 2023 to May 2024
By Will Feuer
Home-improvement retailer Lowe's declared a quarterly cash dividend of $1.10 a share, up 4.8% from the company's previous dividend.
The new payout, equal to $4.40 a year, represents an annual yield of about 2.2% based on Thursday's closing price of $201.04.
The new dividend is payable Aug. 9 to shareholders of record as of July 26.
Chief Executive Marvin Ellison said the company has taken market share and accelerated online growth.
Lowe's and rival Home Depot have both warned of a pullback in spending on big-ticket home-improvement projects after a pandemic-fueled surge in demand.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
May 26, 2023 09:44 ET (13:44 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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