Dividend Aristocrats In Focus Part 20: Lowe’s

Lowe’s Companies (LOW) was founded all the way back in 1946. In the 70 years since, the company has grown into the number two home improvement retailer in the U.S., behind only The Home Depot (HD).

Lowe’s has attained a high and consistent level of profitability by building a positive brand image with consumers and aggressively opening stores across the country.

This has translated into market-beating returns for shareholders over the last decade:

Lowe’s has done more than grow its stock price…The company also has a long track record of paying rising dividends.Lowe’s has increased its dividend payments for 54 consecutive years.

This is more than double the requirement to be a Dividend Aristocrat (25+ consecutive years of rising dividends).You can see all 50 Dividend Aristocrats here.

Lowe’s dividend history qualifies it for the most exclusive dividend increase list; the Dividend Kings list.To be a Dividend King, a stock must have 50+ consecutive years of dividend increases.

Keep reading this article to learn more about the investment prospects of Lowe’s.

Business Overview

Lowe’s is a home improvement retailer. It serves more than 17 million customers each week in the U.S., Canada, and Mexico.

The company offers a wide range of products for maintenance, repair, remodeling, and decorating.Its product lineup is broken down into several categories:

A typical Lowe’s store stocks approximately 36,000 items, with hundreds of thousands of additional items available through its special order sales system, as well as through its digital channels and its website.

Growth Prospects

Lowe’s has done an excellent job of producing growth across a number of key metrics, including sales per square foot, earnings-per-share, and profit margins.