Lowe's raises dividend, to boost implied yield above 2%
Shares of Lowe's Companies (LOW) rose 0.8% in premarket trading Friday, after the home improvement retailer raised its dividend by 31.3%. The new quarterly dividend of $1.05 a share, up from 80 cents, will be payable Aug. 3 to shareholders of record on July 21. Based on Thursday's stock closing price of $195.53, the new annual dividend rate implies a dividend yield of 2.15%, which compares with the yield for rival
(END) Dow Jones Newswires
May 27, 2022 09:08 ET (13:08 GMT)
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