Dividend Aristocrat Lowe's raises dividend for 57th year in 2018

Lowe's Companies (LOW) will raise its quarterly dividend to 48 cents per share this year, marking the 57th consecutive year of dividend increases by the home improvement retailer.

The new dividend is payable Aug. 8, 2018, to shareholders of record as of July 25, 2018. Lowe's has declared a cash dividend every quarter since going public in 1961.

At the current stock price of $95.83 per share the new dividend yields 2.0% for Lowe's, one of the Dividend Aristocrats.

Last year Lowe's raised its dividend for the 56th consecutive year.

Lowe's Companies, Inc. is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal Living; Paint; Flooring; Millwork; Kitchens; Outdoor Power Equipment, and Home Fashions.