05-28-2021, 12:39 AM
(05-27-2021, 03:59 PM)EricL Wrote: Booyah!
Lowe's (NYSE:LOW) declares $0.80/share quarterly dividend, 33.3% increase from prior dividend of $0.60.
Forward yield 1.65%
Payable Aug. 4; for shareholders of record July 21; ex-div July 20.
This is absolutely MASSIVE.
I can't complain since LOW is one of my largest holdings... but I am kind of skeptical as to how sustainable it is to do these massive raises when the macro-economic stuff is obviously providing a massive short term boost to earnings.