Lowe's Increases Dividend 5% to $1.15 a Share
By Denny Jacob
Lowe's increased its quarterly cash dividend 5% to $1.15 a share from $1.10 a share.
The new dividend, equal to $4.60 a year, represents an annual yield of 2.1%, based on Thursday's closing price of $215.46.
The home-improvement retailer said the dividend is payable on Aug. 7 to shareholders of record as of July 24.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
May 31, 2024 09:28 ET (13:28 GMT)
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