Lowe's Dividend Payment Date: When to Expect Your Next Payout

Lowe's Companies, Inc. (NYSE: LOW) is a leading home improvement retailer that has been a staple in the industry for decades. As a publicly traded company, Lowe's has a history of rewarding its shareholders with a consistent dividend payment. In this article, we will explore Lowe's dividend payment date and provide insight into when investors can expect their next payout.

As a homeowner or investor, it's essential to stay informed about the companies you invest in, especially when it comes to dividend payments. A consistent dividend payment can provide a steady stream of income and demonstrate a company's commitment to its shareholders. Lowe's has a long history of paying dividends, and its current dividend yield is attractive to income-seeking investors.

Lowe's Dividend History

Lowe's has a long history of paying dividends, with its first dividend payment dating back to 1981. Over the years, the company has consistently increased its dividend payout, demonstrating its commitment to returning value to shareholders. Currently, Lowe's pays a quarterly dividend of $1.10 per share, which translates to an annual dividend yield of approximately 1.8%. This dividend yield is competitive with other companies in the home improvement retail industry.

The company's dividend history is impressive, with a 5-year dividend growth rate of 20%. This growth rate indicates that Lowe's has been able to consistently increase its dividend payout over the years, providing a higher return on investment for its shareholders. The company's ability to generate cash and pay dividends is a testament to its strong financial position and commitment to creating shareholder value.

Dividend Payment Schedule

Lowe's dividend payment schedule is as follows:

When to Expect Your Next Payout

Based on the dividend payment schedule, investors can expect to receive their next dividend payout on:

• March 8, 2024 (for the fourth quarter of 2023)
• June 7, 2024 (for the first quarter of 2024)
• September 6, 2024 (for the second quarter of 2024)
• December 5, 2024 (for the third quarter of 2024)

It's worth noting that dividend payment dates are subject to change, and investors should always verify the payment date with the company's investor relations website or financial news sources. However, based on the historical payment schedule, investors can expect to receive their dividend payments on a quarterly basis.

Factors Affecting Dividend Payments

Several factors can affect Lowe's dividend payments, including:

The company's financial performance: Lowe's dividend payments are subject to change based on the company's financial performance. If the company experiences a decline in sales or profitability, it may need to adjust its dividend payout.

Industry trends: The home improvement retail industry is highly competitive, and Lowe's must adapt to changing market trends to maintain its financial performance.

Economic conditions: Economic downturns or recessions can impact Lowe's financial performance and dividend payments.

Conclusion

In conclusion, Lowe's has a long history of paying consistent dividends, and investors can expect to receive their next payout on a quarterly basis. The company's financial performance, industry trends, and economic conditions can impact its dividend payments. As an investor, it's essential to stay informed about Lowe's financial performance and dividend payment schedule to make informed investment decisions.