Today, November 08, 2023, marks an important moment for investors of Lowe's Companies LOW. The company will distribute a dividend payout of $1.10 per share, demonstrating an annualized dividend yield of 2.02%. Remember, only shareholders prior to the ex-dividend date on October 24, 2023 are eligible for this payout.
Lowe's Companies Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-10-24 | 4 | $1.1 | 2.02% | 2023-08-18 | 2023-10-25 | 2023-11-08 |
| 2023-07-25 | 4 | $1.1 | 2.19% | 2023-05-26 | 2023-07-26 | 2023-08-09 |
| 2023-04-25 | 4 | $1.05 | 2.21% | 2023-03-24 | 2023-04-26 | 2023-05-10 |
| 2023-01-24 | 4 | $1.05 | 2.06% | 2022-11-11 | 2023-01-25 | 2023-02-08 |
| 2022-10-18 | 4 | $1.05 | 1.99% | 2022-08-26 | 2022-10-19 | 2022-11-02 |
| 2022-07-19 | 4 | $1.05 | 2.15% | 2022-05-27 | 2022-07-20 | 2022-08-03 |
| 2022-04-19 | 4 | $0.8 | 1.37% | 2022-03-18 | 2022-04-20 | 2022-05-04 |
| 2022-01-18 | 4 | $0.8 | 1.38% | 2021-11-12 | 2022-01-19 | 2022-02-02 |
| 2021-10-19 | 4 | $0.8 | 1.56% | 2021-08-27 | 2021-10-20 | 2021-11-03 |
| 2021-07-20 | 4 | $0.8 | 1.65% | 2021-05-27 | 2021-07-21 | 2021-08-04 |
| 2021-04-20 | 4 | $0.6 | 1.37% | 2021-03-19 | 2021-04-21 | 2021-05-05 |
| 2021-01-19 | 4 | $0.6 | 1.52% | 2020-11-13 | 2021-01-20 | 2021-02-03 |
Analyzing Lowe's Companies Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
During the period of 2019 to 2022, the company experienced a notable growth in its dividend per share. The dividend per share increased from $2.13 to $3.95, reflecting the company's focus on providing greater returns to its shareholders.
YoY Earnings Growth For Lowe's Companies
The earnings chart above shows that from 2019 to 2022, Lowe's Companies has experienced an increase in their earnings from $5.58 per share to $13.23 per share. This positive earnings trend is promising for income-seeking investors as it suggests that the company has more potential to increase its cash dividend payout if the trend continues.
Recap
This article takes an in-depth look at Lowe's Companies's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $1.10 per share today, translating to an annualized dividend yield of 2.02%.
With an increase in dividend per share and earnings per share from 2019 to 2022, Lowe's Companies demonstrates a healthy financial status and is likely to maintain their dividend distribution to investors.
Keeping a vigilant eye on the company's performance in the coming quarters will allow investors to stay current with any variations in financials or dividend disbursements.
\To stay up-to-date with the companies that are announcing their dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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