Lowe's: quarterly dividend up 31%
(CercleFinance.com) - Home improvement company Lowe's has announced that its board of directors has declared a quarterly dividend of 1.
05 dollar per share, payable on 3 August to shareholders on record as of 20 July, representing a 31% sequential increase.
Management said that today's dividend increase reflects the strength and consistency of company cash flow and its continued commitment to returning capital to shareholders.
For the record, Lowe's recently reported Q1 EPS hat is up 9.3% to 3.51 dollars on revenue of 23.7 billion dollars, down 4% on a comparable basis.
Copyright (c) 2022 CercleFinance.com. All rights reserved.