The Dynamic Dividend

Lowe’s Raises Dividend for 49th Consecutive Year

Lowe’s Companies announced a 27% increase to its quarterly dividend at today’s annual shareholders meeting. This is the biggest dividend hike since 2007 from the home improvement giant, which has now raised its payout for 49 consecutive years.

Shares of LOW are currently trading at $24.35, where they now feature a 2.30% dividend yield.

Lowe’s has increased its annual dividend total every year dating back to 1963, earning it Class B Dividend Dynamo status. Since 2003 alone, the company has improved its payout by more than 1000%.