Lowe’s Companies, Inc. (LOW) To Go Ex-Dividend on October 21st

Lowe’s Companies, Inc. (NYSE:LOW) declared a quarterly dividend on Friday, August 28th. Stockholders of record on Wednesday, October 21st will be given a dividend of $1.25 per share by the home improvement retailer on Wednesday, November 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Wednesday, October 21st.

Lowe’s Companies has raised its dividend payment by an average of 0.2% annually over the last three years and has raised its dividend every year for the last 53 years. Lowe’s Companies has a payout ratio of 37.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Lowe’s Companies to earn $13.03 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 38.4%.

Lowe’s Companies Trading Down 1.2%

LOW stock opened at $195.00 on Monday. The company has a market cap of $109.40 billion, a P/E ratio of 16.53, a P/E/G ratio of 1.65 and a beta of 0.89. Lowe’s Companies has a 52 week low of $178.45 and a 52 week high of $293.06. The company’s 50-day moving average price is $199.44 and its 200 day moving average price is $214.70.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, topping the consensus estimate of $4.22 by $0.18. The company had revenue of $25.96 billion for the quarter, compared to analyst estimates of $26.13 billion. Lowe’s Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the prior year, the business posted $4.33 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, equities research analysts expect that Lowe’s Companies will post 12.26 earnings per share for the current year.

Hedge Funds Weigh In On Lowe’s Companies

Several hedge funds have recently bought and sold shares of the stock. Robertson Stephens Wealth Management LLC boosted its stake in shares of Lowe’s Companies by 20.7% in the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 3,158 shares of the home improvement retailer’s stock valued at $582,000 after purchasing an additional 541 shares in the last quarter. Frank Rimerman Advisors LLC grew its holdings in shares of Lowe’s Companies by 3.5% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 5,153 shares of the home improvement retailer’s stock valued at $950,000 after purchasing an additional 175 shares during the last quarter. USA Financial Formulas purchased a new position in Lowe’s Companies in the 3rd quarter worth $164,000. CWS Financial Advisors LLC raised its position in Lowe’s Companies by 29.7% in the 3rd quarter. CWS Financial Advisors LLC now owns 1,355 shares of the home improvement retailer’s stock worth $250,000 after purchasing an additional 310 shares during the period. Finally, Kintegral Advisory LLC lifted its stake in Lowe’s Companies by 0.6% in the third quarter. Kintegral Advisory LLC now owns 20,280 shares of the home improvement retailer’s stock worth $3,737,000 after purchasing an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and commercial customers across the United States. The company sells products for home construction, maintenance, repair, remodeling and improvement through its stores and digital platforms.

Its merchandise includes appliances, tools, hardware, lumber, building materials, electrical and plumbing supplies, paint, flooring, kitchen and bathroom products, outdoor living items, lawn and garden products, and seasonal merchandise.