Lowe's hikes dividend by 4.3%

Lowe's Companies (LOW) will raise its quarterly dividend by 4.3% to $1.20 per share. This marks the 64th consecutive year of increases by LOW.

The dividend yield for Lowe's is 2% at a stock price of $225. This is the third straight year with a dividend hike less than 5% for Dividend Aristocrat Lowe's.

Lowe's Companies, Inc. is a home improvement retailer. The company operates home improvement and hardware stores in The United States, Canada and Mexico. The Canadian Stores include RONA Inc., acquired by Lowe's in 2016. The company's customers include homeowners, renters, and professional customers. Lowe's was founded in 1946, incorporated in North Carolina in 1952 and has declared a cash dividend every quarter since going public in 1961.