Lowe’s Companies, Inc. (NYSE:LOW) announced a quarterly dividend on Friday, August 18th, RTT News reports. Investors of record on Wednesday, October 25th will be paid a dividend of 0.41 per share by the home improvement retailer on Wednesday, November 8th. This represents a $1.64 dividend on an annualized basis and a yield of 2.23%.

Lowe’s Companies has increased its dividend payment by an average of 22.8% annually over the last three years and has raised its dividend every year for the last 54 years. Lowe’s Companies has a payout ratio of 35.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Lowe’s Companies to earn $5.29 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 31.0%.

Shares of Lowe’s Companies (NYSE LOW) traded down 0.65% during midday trading on Friday, reaching $73.64. The company had a trading volume of 5,092,174 shares. The company’s 50 day moving average price is $76.56 and its 200-day moving average price is $79.46. The company has a market capitalization of $62.17 billion, a P/E ratio of 23.09 and a beta of 1.08. Lowe’s Companies has a 52 week low of $64.87 and a 52 week high of $86.25. Lowe’s Companies also was the recipient of some unusual options trading on Tuesday. Investors purchased 23,265 call options on the company. This is an increase of 109% compared to the average daily volume of 11,139 call options.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, May 24th. The home improvement retailer reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by $0.03. The firm had revenue of $16.86 billion during the quarter, compared to analyst estimates of $16.99 billion. Lowe’s Companies had a net margin of 4.22% and a return on equity of 56.78%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the company earned $0.87 earnings per share. On average, equities research analysts predict that Lowe’s Companies will post $4.62 earnings per share for the current fiscal year.

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In related news, insider Richard D. Maltsbarger sold 11,672 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $80.20, for a total value of $936,094.40. Following the completion of the transaction, the insider now directly owns 37,716 shares of the company’s stock, valued at approximately $3,024,823.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.11% of the company’s stock.

A number of analysts recently issued reports on the company. Vetr cut Lowe’s Companies from a “hold” rating to a “sell” rating and set a $83.11 target price for the company. in a research report on Monday, May 8th. BMO Capital Markets reissued a “buy” rating and issued a $89.00 target price on shares of Lowe’s Companies in a research report on Friday, May 5th. Zacks Investment Research cut Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Credit Suisse Group set a $94.00 target price on Lowe’s Companies and gave the company a “buy” rating in a research report on Tuesday, May 2nd. Finally, Jefferies Group LLC upped their target price on Lowe’s Companies from $80.00 to $94.00 and gave the company a “hold” rating in a research report on Friday, May 12th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $85.63.

About Lowe’s Companies

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

Dividend History for Lowe`s Companies (NYSE:LOW)

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