Lowe's: Building a Track Record of Dividends
By Jim Pyke:Lowe's Companies (NYSE: LOW) is often overlooked in relation to its larger competitor Home Depot, Inc. (NYSE: HD). However, LOW has compiled a strong track record of dividends going back to the 1960s. LOW just recently increased its quarterly dividend by $0.03 to $0.14, giving it a forward dividend yield of approximately 2.6% based on a closing price of $21.58 and an annualized dividend of $0.56. This caps a recent 10 year growth rate of 30% annual growth in dividends.The following graph shows historical dividend yield for about the last 25 years.
Created from data from Yahoo!Finance.
The above chart shows that only just recently LOWs has paid a strong dividend yield since the late 1980s. The following chart takes a look a the change in dividends, stock price, and yield over a more recent period.
Created from data from Yahoo!Finance.
The above graphs shows that LOW's dividend growthComplete Story »
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