MOORESVILLE, North Carolina, May 27, 2021 / PRNewswire / – The board of directors of Lowe’s Companies, Inc. (NYSE: LOW) declared a quarterly cash dividend of eighty cents ($ 0.80) per share, payable August 4, 2021, to shareholders of record on July 21, 2021.
Based on its confidence in the company’s continued business momentum, growth trajectory and strong cash flow generation, the Board of Directors approved a 33% increase in the quarterly cash dividend. Lowe’s has paid a cash dividend quarterly since its IPO in 1961, and it has increased the dividend for more than 25 consecutive years.
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 20 million customers per week in United States and Canada. With fiscal year 2020, sales of $ 89.6 billion, Lowe’s and its related businesses operate or service over 2,200 home improvement and hardware stores and employ over 300,000 associates. Situated at Mooresville, North Carolina, Lowe’s supports the communities it serves with programs focused on creating safe, affordable housing and training the next generation of skilled trades experts. For more information, visit Lowes.com.
Disclosure Regarding Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements including words such as “believe”, “expect”, “anticipate”, “plan”, ” desire “,” plan “,” estimate “,” intend “,” will “,” should “,” could “,” could “,” could “,” strategy “,” potential “,” opportunity “, “outlook”, “scenario”, “direction” and similar expressions are forward-looking statements. Forward-looking statements involve, among other things, expectations, projections and assumptions regarding future financial and operating results, objectives, business prospects , priorities, sales growth, shareholder value, capital spending, cash flow, housing market, home improvement industry, demand for products and services, share buybacks, Lowe’s strategic initiatives, including including those related to acquisitions and disposals and the impact of these transactions on our strategic and operational plans and financial results. Such statements involve risks and uncertainties and we cannot guarantee that they will prove to be correct. Actual results may differ materially from those expressed or implied in these statements.
A wide variety of potential risks, uncertainties and other factors could materially affect our ability to achieve the results expressed or implied by these forward-looking statements, including, but not limited to, changes in general economic conditions, such as unemployment rate, interest rate and currency fluctuations, fuel and other energy costs, slower personal income growth, changes in consumer spending, changes in housing turnover, availability of credit at consumption and mortgage financing, changes in commodity prices, changes in trade policy or additional tariffs, outbreaks of public health crises, such as the COVID-19 pandemic, availability and cost of goods from suppliers , and other factors that can negatively affect our customers.
Investors and others should carefully consider the above factors and other uncertainties, risks and potential events, including, but not limited to, those described in “Section 1A – Risk Factors” in our annual report on most recent on Form 10-K and which may be updated from time to time in Section 1A of our Quarterly Reports on Form 10-Q or other documents subsequently filed with the Securities and Exchange Commission. All of these forward-looking statements speak only as of the date on which they are made, and we assume no obligation to update any such statements other than as required by law.
SOURCE Lowe’s Companies, Inc.