Lowe’s Companies (LOW) Declares $1.05 Dividend

Lowe’s Companies said on March 24, 2023 that its board of directors declared a regular
quarterly dividend of $1.05 per share ($4.20 annualized).
Previously, the company paid $1.05 per share.

Shares must be purchased before the ex-div date of April 25, 2023 to qualify for the dividend.

Shareholders of record as of April 26, 2023
will receive the payment on May 10, 2023.

At the current share price of $190.53 / share,
the stock’s dividend yield is 2.20%.

Looking back five years and taking a sample every week, the average dividend yield has been
1.80%,
the lowest has been 1.14%,
and the highest has been 3.24%.
The standard deviation of yields is 0.34 (n=236).

The current dividend yield is
1.21 standard deviations

above
the historical average.

Additionally, the company’s dividend payout ratio is 0.39.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company’s 3-Year dividend growth rate is 0.91%,
demonstrating that it has increased its dividend over time.

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Analyst Price Forecast Suggests 22.51% Upside

As of March 28, 2023,
the average one-year price target for Lowe’s Companies is $233.41.
The forecasts range from a low of $152.51 to a high of $315.00.
The average price target represents an increase of 22.51% from its latest reported closing price of $190.53.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Lowe’s Companies
is $98,362MM, an increase of 1.34%.

The projected annual non-GAAP EPS
is $13.90.

What is the Fund Sentiment?

There are 3444 funds or institutions reporting positions in Lowe’s Companies.

This is an increase
of
133
owner(s) or 4.02% in the last quarter.

Average portfolio weight of all funds dedicated to LOW is 0.57%,
a decrease
of 6.89%.

Total shares owned by institutions decreased
in the last three months by 1.60% to 505,970K shares.

The put/call ratio of LOW is 1.17, indicating a

bearish
outlook.

What are Large Shareholders Doing?

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 18,384K shares

representing 3.06% ownership of the company.

In it’s prior filing, the firm reported owning 18,515K shares, representing
a decrease
of 0.71%.

The firm

decreased

its portfolio allocation in LOW by 2.72% over the last quarter.

Jpmorgan Chase &
holds 17,550K shares

representing 2.92% ownership of the company.

In it’s prior filing, the firm reported owning 16,357K shares, representing
an increase
of 6.80%.

The firm

increased

its portfolio allocation in LOW by 4.49% over the last quarter.

VFINX – Vanguard 500 Index Fund Investor Shares
holds 14,349K shares

representing 2.39% ownership of the company.

In it’s prior filing, the firm reported owning 14,489K shares, representing
a decrease
of 0.98%.

The firm

decreased

its portfolio allocation in LOW by 3.21% over the last quarter.

Wells Fargo
holds 11,130K shares

representing 1.85% ownership of the company.

No change in the last quarter.

Geode Capital Management
holds 10,960K shares

representing 1.82% ownership of the company.

In it’s prior filing, the firm reported owning 11,005K shares, representing
a decrease
of 0.41%.

The firm

decreased

its portfolio allocation in LOW by 2.33% over the last quarter.

Lowe`s Cos. Background Information
(This description is provided by the company.)

Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 18 million customers a week in the United States and Canada. With fiscal year 2019 sales of $72.1 billion, Lowe’s and its related businesses operate or service more than 2,200 home improvement and hardware stores and employ approximately 300,000 associates. Based in Mooresville, N.C., Lowe’s supports the communities it serves through programs focused on creating safe, affordable housing and helping to develop the next generation of skilled trade experts.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.